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Hack Curve Finance: Binance Finds and Freezes 83% of Cryptocurrencies

Crypto stolen, frozen, soon to be returned ? – In the evening of August 9, 2022, the DeFi protocol teams from CurveFinance had to warn that front-end (public interface) of their official website was hacked. Equivalent of $570,000 cryptocurrency is thus stolen. But that was without counting on a interception of these assets via crypto-exchange Binance.

Binance grabs a big chunk of the loot stolen via Curve

Few days ago CurveFinance experienced a major problem with my domain name Indeed, the DNS protocol page was pirateallowing attackers to set a a corrupt smart contract. The latter scammed Curve users to steal their precious cryptocurrencies.

That’s the equivalent $570,000 crypto assets that were hijacked before the hack was discovered. But fortunately, in this accident, it seems that the hackers had too much faith in the crypto-exchange. Binance.

Indeed, the latter is spotted a good portion of crypto-currencies are obtained by fraud, and immediately jelly ! This is Changpeng “CZ” ZhaoCEO of Binance, who personally announced the block 83% loot on his account Twitter :

“Binance has frozen/recovered $450,000 in stolen funds from Curve, representing over 83% of the hack. We are currently working on refunding users. The hacker continued to send funds to Binance in different ways, thinking we couldn’t catch him. »

Twitter account @cz_binance

The story therefore ends quite well for Curve users, who will at least find a good part of their cryptocurrencies. However, she reminds us of that Binance has updated its Terms of Service in Franceand that the platform can freeze on one side “your” (her) cryptocurrencies at any moment if he suspects anything. Not your keys, not your coins (apparently even pirates forget this!).

You have the right not to understand The Merge. On the other hand, lack of interest in Ethereum is inexcusable! Don’t wait any longer to prepare for the future by registering on the Binance platform, The absolute standard in the sector (commercial link).

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