Up to now, 79% of the stolen funds, which include 4,821 Ether, have been successfully recovered, amounting to approximately $8,891,578 USD.
According to a recent tweet from the official account of DeFi platform Curve Finance, they have formally announced their intention to reimburse users affected by the hack that occurred in late July 2023, resulting in a loss of $62 million USD.
As of now, 79% of the stolen funds have been recovered, and an ongoing investigation is still underway. According to Etherscan, at the time of writing, the value of the assets returned amounts to 4,821 Ether, which is approximately $8,891,578 USD.
In the upcoming period, the platform will assess each affected user to determine the amount of lost assets in the hack and proceed with the reimbursement process.
The incident on July 30th was related to malicious actors exploiting vulnerabilities that affected the release process of Vyper by Curve Finance. The mastermind behind the attack targeted versions 0.2.15 to 0.3.0 of the Vyper compiler. Experts in the field suggest that executing such actions requires a significant level of skill and resources.
Meanwhile, a professional cryptocurrency user on Vyper revealed that this attack might have been planned weeks in advance before execution. Among the exploited pools were CRV/ETH, alETH/ETH, msETH/ETH, and pETH/ETH.
This incident has raised concerns about the possibility of similar exploitation on the three types of cryptocurrencies on Arbitrum. A comprehensive audit on violations has been conducted, revealing issues in the cryptocurrency domain, including the lack of proper incentivization measures to identify vulnerabilities in previous software iterations.