LIQUIDATION UPDATE. Update on Curve Finance Exploit.
08 Aug 2023, 14:59
LIQUIDATION UPDATE
Update on Curve Finance Exploit
After the exploit on July 30, 2023 (https://t.me/hectornetworkann/1559) and a bounty of 10% of any stolen funds offered by Curve Finance and other affected projects (https://twitter.com/CurveFinance/status/1687180381714358272?s=20), the attacker began returning stolen funds. So far, Alchemix and JPEG'd have reported the return of all funds taken in the exploit (https://cointelegraph.com/news/alchemix-reports-return-of-all-stolen-funds-from-curve-pools). The deadline for the exploiter to return funds stolen from the CRV-ETH pool expired and now they are offering a bounty of 10% ($1.85M USD) to the person that is able to identify the exploiter. (https://twitter.com/CurveFinance/status/1688221472815284224?s=20)
Redemption FAQs Update #1
As part of the ongoing liquidation process, the Liquidation Committee has compiled additional questions for the frequently asked questions (FAQs) section. These new questions have been included with the previously posted Redemption FAQ. You can access the updated FAQs at the following link:
For any other questions that may have emerged or were missed, please send them to the dedicated email address: questions@hector.network. The Liquidation Committee will review and address these questions in future updates.
Please bear in mind the critical importance of relying solely on official channels for information:
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👉 https://hector.network/.
During the liquidation process, it is crucial to exercise caution and avoid being misled by scams, misinformation, harmful rumours, or FUD (Fear, Uncertainty, Doubt). Trusted official sources should always be referred to in order to receive accurate and reliable updates.
Thank you for your cooperation and understanding.
Hector Network Liquidation Committee