Binance CEO Changpeng Zhao tweeted on August 12 that the trade has recognized and frozen 83% of the funds stolen from Curve Finance after the hacker tried to launder it by way of Binance.
Binance froze/recovered $450k of the Curve stolen funds, representing 83%+ of the hack. We are working with LE to return the funds to the customers. The hacker stored on sending the funds to Binance in numerous methods, pondering we will’t catch it. 😂#SAFU https://t.co/Ekea9moeAw
— CZ 🔶 Binance (@cz_binance) August 12, 2022
Binance is at present working with the suitable legislation enforcement brokers to return the funds to the customers.
Timeline of the DNS Exploit
Curve Finance misplaced over $570,000 to hackers who hijacked their DNS on August 9. Through DNS spoofing, the Curve web site was cloned and made the DNS path to their IP the place the cloned web site is deployed and added approval requests to a malicious contract.
🚨🚨🚨@CurveFinance frontend is compromised, don’t use it till additional discover!
— samczsun (@samczsun) August 9, 2022
A swift response from the Curve group resolved the problems, although there have been preliminary constraints for customers in sure areas. As of August 10, customers can freely entry the curve.fi web site.
Finally, DNS settings for https://t.co/vOeMYOTq0l propagated in all places, so it’s protected to make use of in each location on Earth.https://t.co/UKYBuunAhY and chain-specific websites acquired up to date a lot earlier.
— Curve Finance (@CurveFinance) August 10, 2022