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Crypto Exchange Binance Recovers $450K Stolen From DeFi Protocol Curve.Finance

Parikshit Mishra, Oliver Knight
Updated ·1-min read

Binance CEO Changpeng Zhao "CZ" said on Friday that the crypto exchange has frozen or recovered $450,000, which was stolen from decentralized finance (DeFi) protocol Curve.Finance earlier this week.

On Tuesday, hackers stole nearly $570,000 from Curve.Finance. Afterward, the platform's developers said they had identified and fixed the source of the issue.

Curve.Finance is a major player in the world of DeFi because of its CRV token rewards emissions, which serve as a source of income for several other protocols.

Binance, which is the world's largest crypto exchange, is working with law enforcement to return the funds to affected users, according to a tweet from Zhao.