Binance recovers $450K stolen from Curve DNS Hack

Binance CEO Changpeng Zhao tweeted connected August 12 that the speech has identified and frozen 83% of the funds stolen from Curve Finance aft the hacker attempted to launder it done Binance.

Binance froze/recovered $450k of the Curve stolen funds, representing 83%+ of the hack. We are moving with LE to instrumentality the funds to the users. The hacker kept connected sending the funds to Binance successful antithetic ways, reasoning we can’t drawback it. #SAFU https://t.co/Ekea9moeAw

— CZ Binance (@cz_binance) August 12, 2022

Binance is presently moving with the due instrumentality enforcement agents to instrumentality the funds to the users.

Timeline of the DNS Exploit

Curve Finance mislaid implicit $570,000 to hackers who hijacked their DNS connected August 9. Through DNS spoofing, the Curve website was cloned and made the DNS way to their IP wherever the cloned website is deployed and added support requests to a malicious contract.

@CurveFinance frontend is compromised, bash not usage it until further notice!

— samczsun (@samczsun) August 9, 2022

A swift effect from the Curve squad resolved the issues, though determination were archetypal constraints for users successful definite regions. As of August 10, users tin freely entree the curve.fi website.

Finally, DNS settings for https://t.co/vOeMYOTq0l propagated everywhere, truthful it is harmless to usage successful each determination connected Earth.https://t.co/UKYBuunAhY and chain-specific sites got updated overmuch earlier.

— Curve Finance (@CurveFinance) August 10, 2022

The station Binance recovers $450K stolen from Curve DNS Hack appeared archetypal connected CryptoSlate.