Automated market makers Curve and Uniswap traded volumes above $2 billion on Monday, benefiting from one of decentralized finance protocol Harvest Finance's darkest days.
- "Volume on Uniswap surged, as the Harvest Finance exploiter likely ran money through the automated market maker," Denis Vinokourov, head of the research at the London-based prime brokerage Bequant, told CoinDesk in a Telegram chat.
- Daily trading volume on decentralized exchange Curve Finance also surged to over $2 billion.
- A malicious entity exploited Harvest Finance early Monday and drained $24 million from the yield farming protocol launched in early September.
- "The economic attack was performed through the curve y pool, stretching the price of the stablecoins on Curve out of proportion and depositing and withdrawing a large amount of assets through harvest," Harvest Finance said.
- The anonymous team behind Harvest Finance has announced a $100,000 bounty for the first person or group to reach out to the hacker "and help the attacker return the funds to the deployer address."
- The Harvest Finance team is actively tracking the funds and has identified 10 bitcoin addresses of the flash loan attacker.
Clarification (Oct. 26, 2020, 21:28 UTC): Harvest Finance's bounty includes the requirement that the individual not just find the "attacker" but also help them return the funds to the deployer address.
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