Crypto investors are feeling optimistic once more as hackers have returned approximately 5,495 Ethereum that they had previously stolen from Curve Finance. The funds were returned to the non-fungible token finance (NFT-Fi) protocol, bringing hope to those who had lost their assets.
JPEG’d, a decentralized lending platform that specializes in borrowing with NFT-based collateral, has officially announced that about 5,495 ETH, valued at almost $10 million, has been recovered.
This substantial amount was returned by the hackers responsible for the Curve Finance breach, who have now joined the White-hat bounty program.
In a bid to retrieve the funds, Curve, Metronome and Alchemix made a joint announcement on August 3. This initiative included a 10% bounty for the Hacker while also assuring them no legal consequences if the remaining 90% of funds were returned.
Also Read: Hacker Returns $8.9M to Alchemix After $61M Crypto Heist
In a swift response to the offered bounty, the hacker’s apparent agreement materialized in less than a day. As a result, the hackers chose to return the funds tied to the JPEG’d protocol and received a bounty of 610.6, equivalent to $1.1 million.
Additionally, the team behind JPEG’d emphasized their stance by stating, “Any further investigations or legal matters against the entity will end. We view this occurrence as a white-hat rescue.”
The incident took place on July 31, when hackers exploited Curve Finance, resulting in a loss of nearly $47 million worth of cryptocurrencies. This also included a significant loss of $11.6 million worth of crypto from the JPEG’d protocol.
