Curve Finance reported that it has recovered nearly 70 percent of the funds affected by the attack and that they are working on returns.
The crypto industry was shaken by the latest Curve Finance hack. As a result of the Curve Finance hack, the victimization of crypto investors was revealed and the project was shaken.
Binance lends a hand by investing in Curve Finance. In addition, the project development team announced that it has recovered close to 70 percent of the affected funds in a post it made the other day. Curve Finance is looking for a solution to refund its customers who have been victimized.
Curve Finance plans to solve grievances
After the Curve Finance hack last week, the project team continues its work at full speed. The Curve Finance team has recovered the vast majority of funds affected by the hack. Another question that came to mind was the fate of the funds of the users who experienced victimization. The project team signaled the return process in an X post last week.
Quick post-hack update.
While 70% of funds affected by the hack last week are recovered, active investigation with regards to the rest is underway.
In the meantime, we are also working on measuring the respective shares of each affected user with the goal of proper distribution
— Curve Finance (@CurveFinance) August 11, 2023
Curve Finance stated that investigations into the hack are continuing and a lot of progress has been made. The team revealed the priority upon assessing the proportionate portions of affected users. This assessment was created to make the distribution of funds more equitable.
Every new hacking story that emerges in the DeFi industry questions the fate of the industry. Many crypto investors are starting to think that the regulations will benefit.
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