The Right Place to Buy, Earn, Exchange and Borrow against Your Crypto.

Get Started
Binance recovers $450K stolen from Curve DNS Hack Binance recovers $450K stolen from Curve DNS Hack

Binance recovers $450K stolen from Curve DNS Hack

Binance has identified and frozen 83% of the funds stolen from Curve Finance and is working with law enforcement to return the money to users.

Binance recovers $450K stolen from Curve DNS Hack

Cover art/illustration via CryptoSlate

Binance CEO Changpeng Zhao tweeted on August 12 that the exchange has identified and frozen 83% of the funds stolen from Curve Finance after the hacker attempted to launder it through Binance.

Binance is currently working with the appropriate law enforcement agents to return the funds to the users.

Timeline of the DNS Exploit

Curve Finance lost over $570,000 to hackers who hijacked their DNS on August 9. Through DNS spoofing, the Curve website was cloned and made the DNS route to their IP where the cloned website is deployed and added approval requests to a malicious contract.

A swift response from the Curve team resolved the issues, though there were initial constraints for users in certain regions. As of August 10, users can freely access the curve.fi website.

 

Posted In: , Hacks