Curve Finance, a leading decentralized finance (DeFi) platform, has issued a warning to users regarding scams on Twitter. Numerous accounts impersonating DeFi projects have been engaging in fraudulent activities.In a recent statement, Curve Finance emphasized that their official account does not have any verification mark, while most scam accounts display either a blue or yellow mark.

Curve Finance is offering a bug bounty to anyone who can identify the hacker responsible for stealing over $61 million from its pools on July 30. The hacker returned some assets after Curve and other affected protocols offered a 10% bug bounty, but did not complete refunds to other affected pools. As the deadline has passed, Curve is now extending the bounty to the public, offering a reward worth $1.85 million to anyone who can identify the attacker in a way that leads to a conviction in court. 

According to a tweet by @EmberCN, the founder of Curve Finance has recently sold a total of 28.625 million CRV tokens to six investors/institutions. The breakdown of token sales includes 8.875 million CRV to 0x431, 8.75 million CRV to 0xD11, 7.375 million CRV to 0x70C, 1.75 million CRV to 0xC47, 1.25 million CRV to stake-capital.eth, and 0.625 million CRV to 0xeaf. 

According to on-chain data, the individual who exploited Curve Finance is returning funds to the protocol. The hacker has returned 4,820 alETH to Alchemix Finance in three batches, with a total value of $8.4 million. Alchemix Finance is a loan-based DeFi protocol that uses Curve pools. The price of one alETH is currently around $1,755. Curve Finance experienced a $24 million exploit on July 30 due to a smart contract bug. The protocol's founder has since traded over 106 million CRV tokens worth $42 million in an attempt to reduce liquidation risk.

The MEV bot that drained over 6,000 Ether from the Curve Finance pETH-ETH pool has returned most of the funds to the JPEG'd deployer. The bot's address sent a message on the Ethereum blockchain to prove their email address was associated with the frontrunning bot, which led to negotiations and the partial return of funds. However, all other exploited funds are still under the control of the attacker who initiated the exploit, and the Curve team is attempting to get the rest of the funds returned. This is an ongoing story and more information will be provided as it becomes available.

The individual responsible for stealing $62 million in assets from decentralized exchange Curve Finance has returned some of the stolen cryptocurrency after engaging in talks on Friday. The thief transferred 4,820 ether (ETH), worth approximately $8.9 million, to Alchemix's multisig wallet. This has led to a 5% increase in the value of CRV, the governance token of Curve. The hope is that most of the stolen assets will be recovered, as Curve, Metronome, and Alchemix offered a 10% bounty for their return by August 6.

Michael Egorov, founder of Curve Finance, has sold an additional 34 million CRV tokens to a diverse group of investors in over-the-counter deals, bringing the total number of tokens sold to 106 million and generating $42 million. The recent sales include transactions with Wintermute, an individual trader named Llanero, and a wallet address connected to the former xDAI deployer. Egorov has been selling tokens to reduce potential liquidation risks associated with DeFi platforms, as his outstanding debt across various DeFi platforms currently stands at $65.3 million.

Curve Finance and other victims of the recent lending reentrancy hack have offered the hackers a 10% reward in exchange for the return of their stolen cryptocurrency. The companies have assured the hackers that they will not face any legal consequences if they return the funds by August 6th. However, if the deadline is not met, the bounty will become a reward for anyone who provides information leading to the arrest and conviction of the hackers. The companies have also warned the hackers that they will pursue legal action against them if the deadline is not met. This is an ongoing story and will be updated as more information becomes available.

Curve Finance's crvUSD, a decentralized stablecoin, briefly depegged from its value to the US dollar, dropping by 0.35% following the recent exploit on July 30. This has raised concerns about the stability mechanisms of the stablecoin, which mostly maintained its peg since its introduction in May. The situation was compared to the brief depegging of USD Coin during the Silicon Valley Bank collapse in March. Curve Finance founder Michael Egorov has been working to decrease his loan position due to the risk of a major liquidation, which could result in a Black Swan event.

Michael Egorov, the founder of Curve Finance, has reportedly sold 72 million CRV tokens to 15 entities for $28 million in an over-the-counter deal. The sale coincides with a difficult period for the CRV token, which has decreased in value by 22% in the past month due to a security breach. Market analysts believe that Egorov's decision to sell the tokens is a proactive measure to reduce his debt on DeFi platforms and avoid potential liquidation risks. Notable buyers include an anonymous address, Tron's founder Justin Sun, and crypto trader DCFGod.