MetronomeDAO: Most of the Stolen Funds Have Been Recovered and Returned Funds Are Being Injected Into a New Pool

On August 19th, MetronomeDAO has released a post-incident analysis report on the Curve attack, stating that the MEV bot named "c0ffeebabe" has recovered most of the stolen funds and returned them to Metronome. The recovered funds have been injected into a new Curve msETH-WETH pool, which will be fully allocated to affected liquidity providers. Specific instructions on how to redistribute these funds will be announced soon. Metronome will continue to negotiate the recovery of the remaining funds.

Recovery

Original Link

Comments

All Comments

Recommended for you

Cointime精选 ·

‘We’re just scratching the surface’ of crypto and AI — Microsoft exec

The symbiotic relationship between AI and crypto is still in its nascent stages, according to tech execs.
Cointime精选 ·

Big miners pose a growing existential threat to Bitcoin

As of May, AntPool and Foundry USA controlled more than 50% of Bitcoin's hash rate. That could become a problem for Bitcoin users in the near future.
Cointime精选 ·

Bybit’s Notcoin listing debacle, China firm’s profits up 12-fold after crypto buy: Asia Express

Bybit CEO apologises for Notcoin listing woes, Hong Kong crypto ETFs dissapoint, China firm's profits surge 1100% after crypto buy
Cointime精选 ·

Is onboarding too hard? Crypto adoption still faces major obstacles

Progress has been made in streamlining the Web3 onboarding process, but the flood of mainstream users has not yet arrived.
Cointime精选 ·

What the DOJ’s First MEV Lawsuit Means for Ethereum

In a highly technical overview of an exploit that has since been patched, government prosecutors find that exploiting code is a crime. CoinDesk reached out to several experts in the Ethereum community to get their views on the case.
Cointime精选 ·

Bitcoin is getting stronger (within crypto)

From the bear market until now Bitcoin has seen its dominance go from 38% all the way to now 53% pretty much in a straight line.
Cointime精选 ·

Enter The Sanctum

Everybody gets a stake.
U.S. Department of Justice: Two Chinese nationals arrested for allegedly defrauding at least $73 million through cryptocurrency investments

According to the official website of the United States Department of Justice, a complaint from the central region of California was made public yesterday, accusing two Chinese nationals of playing a major role in a money laundering scheme involving cryptocurrency investment fraud.Daren Li, 41 years old, is a dual citizen of China and St. Kitts and Nevis, and is also a resident of China, Cambodia, and the United Arab Emirates. He was arrested on April 12th at Hartsfield-Jackson Atlanta International Airport and later transferred to the central region of California. Yicheng Zhang, 38 years old, is a Chinese national currently residing in Temple City, California. He was arrested yesterday in Los Angeles. Today, they are accused of leading a money laundering scheme related to an international cryptocurrency investment scam, involving at least $73 million. These arrests were made possible thanks to the assistance of our international and US partners, demonstrating the Department of Justice's commitment to continuing to combat the entire cybercrime ecosystem and prevent fraud in various financial markets.
Binance assisted Taiwan’s law enforcement agencies in cracking a major virtual asset case involving nearly NT$200 million

On May 17th, Binance announced that the Financial Crime Compliance department (FCC) of Binance, in collaboration with the Taiwan Department of Justice Investigation Bureau, has successfully cracked a major criminal case involving money laundering of virtual assets, with an involved amount of nearly 200 million New Taiwan dollars. Throughout the entire case, Binance provided support to Taiwan's crime fighters, offering crucial intelligence and assistance, and played a key role in promoting the investigation.
Cointime精选 ·

Lightning In A High Fee Environment: Implications for Bitcoin’s Scalability

The topic of scaling Bitcoin dates back to its very first mailing post. In response to Satoshi’s original message, James McDonald said, “We very, very much need such a system, but the way I understand your proposal, it does not seem to scale to the required size” — a remark that probably wasn’t the welcome Satoshi had anticipated. Nonetheless, this marked the beginning of a seemingly never ending, complex debate.