Bitcoin
$61,382.73-3.98%
Ethereum
$3,003.51-2.83%
Binance Coin
$549.55+0.93%
Solana
$134.09-4.09%
XRP
$0.49655974-0.30%
Dogecoin
$0.14839139-5.23%
Toncoin
$6.07-7.95%
Cardano
$0.45079207-1.55%
Avalanche
$34.55-0.78%
Shiba Inu
$0.00002209-2.55%
Tron
$0.11018261-2.40%
Wrapped Bitcoin
$60,181.21-6.09%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
02
DAYS
14
HR
02
MIN
50
SEC
Technology

Crypto Exchange Binance Recovers $450K Stolen From DeFi Protocol Curve.Finance

The world's largest exchange is working with law enforcement to return the funds.

By Parikshit Mishra, Oliver Knight
AccessTimeIconAug 12, 2022 at 7:04 a.m. UTC
Updated May 11, 2023 at 4:40 p.m. UTC
CoinDesk placeholder image

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Binance CEO Changpeng Zhao "CZ" said on Friday that the crypto exchange has frozen or recovered $450,000, which was stolen from decentralized finance (DeFi) protocol Curve.Finance earlier this week.

On Tuesday, hackers stole nearly $570,000 from Curve.Finance. Afterward, the platform's developers said they had identified and fixed the source of the issue.

Curve.Finance is a major player in the world of DeFi because of its CRV token rewards emissions, which serve as a source of income for several other protocols.

Binance, which is the world's largest crypto exchange, is working with law enforcement to return the funds to affected users, according to a tweet from Zhao.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Parikshit Mishra
Parikshit Mishra

Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.

Follow @parikshitm899 on Twitter
Oliver Knight
Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Follow @OKnightCrypto on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.