Binance CEO Changpeng Zhao on Friday said the cryptocurrency exchange has recovered $450,000 worth of funds stolen from decentralized finance (DeFi) protocol Curve Finance.
Hackers had stolen about $570,000 last Tuesday. The protocol’s developers said the source of the issue had been identified and fixed.
“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,” Zhao said.
The exchange is currently working with law enforcement agencies to return the funds to their rightful owners, according to …
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