Key Takeaways:
Binance had decided to intervene by keeping an eye on the proceedings at Curve. According to Binance CEO Changpeng Zhao, most of the funds that hackers stole from the DeFi protocol Curve Finance this week have been frozen or recovered. On August 10, CZ revealed that the hack had already cost Curve approximately $570,000 in damages.
On Friday, Changpeng Zhao, the founder of Binance, claimed that most of the Curve funds had been recovered. Curve earlier this week.
According to Zhao’s tweet, Binance “froze/recovered (sic) $450k of the Curve stolen funds, representing 83%+ of the hack.” “We are collaborating with [law enforcement] to give the users their money back. The hacker kept sending money to Binance various ways, believing that we couldn’t catch him. “
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 users. The hacker kept on sending the funds to Binance in different ways, thinking we can't catch it.
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