The hacker responsible for the $61 million cryptocurrency heist on Curve Finance, Metronome, and Alchemix projects has taken an unexpected step by returning approximately $8.9 million worth of cryptocurrency to Alchemix.
The heist, which exploited a coding bug to drain multiple trading pools, caused significant concern within the crypto community. However, the recent return of a substantial amount of stolen assets has brought hope for the recovery of more funds.
To encourage the hacker to return the remaining stolen assets, the affected projects offered a 10% bounty, valid until August 6th. This incentive seems to have motivated the hacker to initiate discussions and start the process of returning the funds.
In response to the news of the returned cryptocurrency, the governance token of Curve Finance, CRV, experienced a 5% surge in value. This increase reflects investors’ optimism about the possibility of recovering more stolen assets and returning them to the victims.
The crypto community and authorities are closely monitoring the situation, as the potential recovery of a significant portion of the stolen funds would be a noteworthy development in the world of cryptocurrency exploits this year. The hope remains that the hacker will continue to return the assets, providing relief to the affected projects and their users.