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According to Curve Finance , investigations are still ongoing but so far about 79% of the funds have been recovered. Adding that in the meantime, it is focused on “working on measuring the respective shares of each affected user with the goal of proper distribution.” advertisement Quick post-hack update. While 70% of funds affected by the hack last week are recovered, active investigation with regards to the rest is underway. In the meantime, we are also working on measuring the respective shares of each affected user with the goal of proper distribution Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read ...

This unexpected development marks a significant stride in the ongoing battle to enhance the security and resilience of the DeFi ecosystem. advertisement The Curve Funds Return Process Unfolds The exploit , which initially sent shockwaves through the DeFi ecosystem, involved a breach in the Curve Finance protocol that resulted in the hacker siphoning about $24 million.  However, rather than attempting to launder or profit from the stolen assets, the individual has chosen to return them. On-chain data from Etherscan revealed that the hacker has sent back approximately 4,821 Ether ($8,891,578) in a series of three transactions to the Alchemix Finance developer wallet. The return process commenced with a test transaction involving 1 Alchemix Ethereum (alETH), serving as a preliminary step to gauge the feasibility of returning the funds. Subsequently, a more substantial batch of 1,000 alETH, valued at approximately $1.7 million, was returned to Alchemix Financ...