Binance recovers $450K stolen from Curve DNS Hack

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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.

 



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