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DeFi

Curve, Metronome, And Alchemix Issue Ultimatum To Hacker With 10% Bounty

August 4, 2023 - Around 2 mins mins to read

Key Points:

  • Curve Finance, Metronome, and Alchemix give hacker ultimatum after DeFi platform attack.
  • The hacker offered a 10% reward for returning stolen funds before the August 6 deadline.
  • Legal action and public reward are promised if the hacker does not comply.
Curve Finance, together with Metronome and Alchemix, has taken an unconventional approach to dealing with the recent attack on their platform that sent shockwaves through the DeFi community.
Curve, Metronome, And Alchemix Issue Ultimatum To Hacker With 10% Bounty
Curve, Metronome, And Alchemix Issue Ultimatum To Hacker With 10% Bounty 2

In an unprecedented move, they sent an on-chain ultimatum to the attacker responsible for the breach.

Through a Twitter announcement, Curve offered the attacker a deal – they would reward the hacker with 10% of the lost assets if they agreed to return the remaining 90% of the hacked funds to the project.

The proposal came with a deadline, set for August 6 at 08:00 UTC, giving the hacker a limited window to respond and return the funds.

In the event that the hacker fails to comply with the ultimatum, Curve, Metronome, and Alchemix made it clear that they would take legal action to pursue the culprit and retrieve the stolen money.

Additionally, they pledged to publicly offer a reward to anyone who can provide information leading to the hacker’s arrest and conviction.

To assure the attacker, the trio promised no further legal actions or involvement of law enforcement if the funds were returned as per their offer. The goal is to recover the majority of the funds and hold the hacker accountable without resorting to traditional legal channels.

“You will have no risk of us pursuing this further, no risk of law enforcement issues, etc.,” says the message.

The attack on Curve Finance, which occurred within the past 24 hours, targeted a series of stablepool pools using the Vyper 0.2.15 programming language. The seriousness of the attack prompted this unconventional response from the affected projects.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Alchemix

Curve

Hacker

Metronome

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
DeFi

Curve, Metronome, And Alchemix Issue Ultimatum To Hacker With 10% Bounty

Key Points:

  • Curve Finance, Metronome, and Alchemix give hacker ultimatum after DeFi platform attack.
  • The hacker offered a 10% reward for returning stolen funds before the August 6 deadline.
  • Legal action and public reward are promised if the hacker does not comply.
Curve Finance, together with Metronome and Alchemix, has taken an unconventional approach to dealing with the recent attack on their platform that sent shockwaves through the DeFi community.
Curve, Metronome, And Alchemix Issue Ultimatum To Hacker With 10% Bounty
Curve, Metronome, And Alchemix Issue Ultimatum To Hacker With 10% Bounty 4

In an unprecedented move, they sent an on-chain ultimatum to the attacker responsible for the breach.

Through a Twitter announcement, Curve offered the attacker a deal – they would reward the hacker with 10% of the lost assets if they agreed to return the remaining 90% of the hacked funds to the project.

The proposal came with a deadline, set for August 6 at 08:00 UTC, giving the hacker a limited window to respond and return the funds.

In the event that the hacker fails to comply with the ultimatum, Curve, Metronome, and Alchemix made it clear that they would take legal action to pursue the culprit and retrieve the stolen money.

Additionally, they pledged to publicly offer a reward to anyone who can provide information leading to the hacker’s arrest and conviction.

To assure the attacker, the trio promised no further legal actions or involvement of law enforcement if the funds were returned as per their offer. The goal is to recover the majority of the funds and hold the hacker accountable without resorting to traditional legal channels.

“You will have no risk of us pursuing this further, no risk of law enforcement issues, etc.,” says the message.

The attack on Curve Finance, which occurred within the past 24 hours, targeted a series of stablepool pools using the Vyper 0.2.15 programming language. The seriousness of the attack prompted this unconventional response from the affected projects.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.