JPEG'd Retrieves $10M in Ether from Curve Finance Hacker

JPEG'd verifies the retrieval of $10 million in Ether following the Curve Finance breach, as the hacker commences a surprising return of stolen assets across various DeFi platforms.

Timeline of Curve-dao-token, Ethereum

The United States Securities and Exchange Commission (SEC) is witnessing a remarkable surge in applications for Ether futures exchange-traded funds (ETFs), with 11 Ether-based filings submitted in less than a week.

The attacker who targeted Curve Finance, a decentralized finance (DeFi) protocol, has begun returning some of the stolen funds. The attacker sent 4,821 Ethereum (ETH), worth approximately $9 million, in a series of transactions to Alchemix Finance, one of the victims.

In a surprising turn of events, the hacker known as the “Alchemix/Curve Finance Exploiter” has returned a total of 4,819.55 alteth and 6106 Ethereum (ETH) to Alchemix Finance, as reported by the journalist Colin Wu. The hacker, who had gained unauthorized access to the protocol, had earlier demanded that the Alchemix Finance team confirm the address to which they wanted the stolen funds returned.

In a significant turn of events, the infamous hacker responsible for the breach of Curve Finance, a prominent Decentralized Finance (DeFi) protocol has initiated the process of returning the stolen funds. This unexpected development marks a significant stride in the ongoing battle to enhance the security and resilience of the DeFi ecosystem.

Ethereum, the second most famous blockchain network, is raising its glass to commemorate eight transformative years in the crypto landscape. Its birthday presents an opportune moment for the crypto clan to rejoice in the achievements it has tallied since its launch on July 30, 2015.

The odds of approval for Ethereum futures ETFs have jumped to 75%, according to a recent note by ETF analysts James Seyffart and Eric Balchunas. This is the same rate they attributed to Bitcoin futures ETFs in September 2021.

Ethereum's price has gradually declined over the past few weeks after being rejected from the psychological resistance level of $2,000 once more. However, there is a considerable chance to initiate a new bullish leg in the short term.

As of Aug. 3, the U.S. Securities and Exchange Commission (SEC) has received a total of 12 Ethereum (ETH) exchange-traded fund (ETF) applications. The latest additions came from Bitwise, submitting new applications for equal-weight and market-weight versions of its Bitcoin and ETH futures ETFs.

ProShares has become the eleventh to apply to the U.S. Securities and Exchange Commission (SEC) to register an Ether exchange-traded fund (ETF). Multiple Filings By ProShares ProShares has joined the ranks of other asset managers seeking to register an Ether exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).

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