Curve hacker not in the clear despite returning $50M of stolen funds
A hacker who stole up to $73.5 million, mostly in ether, from DeFi lending protocol Curve, has returned around $52.3 million of the stolen funds. The funds were returned after Curve sent the hacker a message telling them they could keep 10% if they returned the rest. The hacker agreed and, apparently, even made sure to communicate with Curve operators to confirm that the address given for the refund was correct. These communications were made on the Ethereum blockchain, which can be used to send written messages. The funds were returned just in time as Curve founder and CEO Michael Egorov risked getting liquidated on an $85 million loan backed by $168 million worth of CRV tokens. Egorov’s liquidation is estimated to happen when CRV dips below $0.4. He’d previously avoided liquidation by selling CRV tokens to various crypto investors including Tron’s Justin Sun and Machi Big Brother . The current price of CRV is at $0.62 but momentarily fell below $0.5 last Tuesday....