Curve Finance, along with Metronome and Alchemix, has adopted an unconventional approach in dealing with a recent attack on their platform that sent shockwaves through the DeFi community. In a unique move, they issued an on-chain ultimatum to the hacker responsible for the breach.
Curve Finance With metronome and Alchemix, Issue Bounty and Ultimatum to Hacker
Through a public announcement, Curve offered a deal to the attacker – a reward of 10% of the stolen assets in return for the remaining 90% of the hacked funds. The proposal came with a deadline set for August 6 at 08:00 UTC, giving the hacker a short window to respond and return the funds.
Legal Action and Public Reward
Should the hacker not comply with the ultimatum, Curve, Metronome, and Alchemix have expressed their intent to take legal action to pursue the culprit and retrieve the stolen money. In addition, they’ve committed to offering a public reward for any information leading to the hacker’s arrest and conviction.
To reassure the attacker, the trio has promised that they will not engage in further legal actions or involve law enforcement if the funds are returned as per their offer. Their aim 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: Resume
The attack on Curve Finance happened within the past 24 hours, targeting a series of stablepool pools using the Vyper 0.2.15 programming language. The seriousness of the attack prompted this novel response from the impacted projects.
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