Join the larget crypto conference of 2022 in Bitcoin


Binance recovers stolen funds from Curve Finance

0
(0)
Binance recovers stolen funds from Curve Finance 4

The team of Binance exchange successfully recovered more than 83% of the stolen funds from the Defi protocol Curve Finance.

On Tuesday of this week, the Curve Finance team confirmed that its website was hacked via the use of DNS by a hacker(s). The team pointed out the exploit on the platform within a couple of hours. Through Twitter, the team urged all the users to remove the approval for all recent past approved protocols.

The exploiter cloned the Curve Finance website fully and replaced the original website with his clone website directly to the official domain name of Curve Finance.

 Within a small time frame, the exploiter successfully drained around $570k worth of funds. Indeed, the exploiter deployed a suspicious smart contract to drain all funds of users with single approval. 

Interestingly, hacker(s) tried to convert all stolen funds into white cryptocurrencies via the use of different crypto platforms. The majority of the funds were transferred by the hacker to the Binance exchange. 

The intelligent team of Binance traced the transaction and froze it. 

On 12 August, Binance CEO Changpeng Zhao reported that hacker(s) think that sending funds via different ways to Binance will not make him traceable but unfortunately not the reality for Binance.

Zhao confirmed that Binance recovered a total of $450k from the total amount of funds stolen from Curve Finance.

Read also: Now Central Banks can easily invest money in Bitcoin, says Barry Silbert

Binance recovers stolen funds from Curve Finance

 

https://bitcoinik.com/binance-recovers-stolen-funds-from-curve-finance/feed/

https://bitcoinik.com/binance-recovers-stolen-funds-from-curve-finance/feed/

 

 

 

 

 

Ads by Cryptonews24

 

koinswap

🚀🚀Get ready for the biggest ICO of 2022.
✅ICO starts from August 16, 2022
✅ICO= Initial Coin Offering. Where you can purchase tokens at base price.
✅ICO has different rounds with different price.
✅Round-1 price: $0.0005
✅Round-2 price: $0.001
✅Round-3 price: $0.002
✅Round-4 price: $0.004
✅Round-5 price: $0.008

👉ICO will be finished on September 15, 2022.
👉Trading will start after ICO completion.

🚀🚀EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)🚀🚀

👩🏻‍💻For more details pls read pdf in marketing tools section in dashboard.

#koinswap #kst #nft #metaverse #blockchain

𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://koinswap.io/register?referralcode=CFxqfP
▬▬▬▬▬▬▬▬▬▬▬▬▬▬

THIS IS A LIFE CHANGING OPPORTUNITY

*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*

TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
👇👇👇👇👇👇
https://koinswap.io/register?referralcode=CFxqfP

JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl

In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA

https://koinswap.io/register?referralcode=CFxqfP

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

TELEGRAM
Cryptonews24 Channel Chat