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.
Aug 12, 2022 at 7:04 a.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KX72TAFHYBHVDIKIRAZVBIECI4.jpg)
Binance CEO Changpeng "CZ" Zhao (CoinDesk)
Parikshit Mishra is the news editor for CoinDesk during the mid Asia and early European hours. He does not have any crypto holdings.
Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
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.
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Parikshit Mishra is the news editor for CoinDesk during the mid Asia and early European hours. He does not have any crypto holdings.
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Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
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Parikshit Mishra is the news editor for CoinDesk during the mid Asia and early European hours. He does not have any crypto holdings.
Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
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