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 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.

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 web site.


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