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Curve hacker not in the clear despite returning $50M of stolen funds

Curve reportedly sent the hacker a message telling them they could keep 10% of the stolen funds if they returned the rest.

Curve exploit shows DeFi still far from decentralized in 2023

DeFi 2023 was supposed to solve the problem of centralized crypto collapses in 2022 like FTX, Celsius, Voyager, and Terra LUNA.

Most DeFi protocols are controlled by a small number of smart contracts whose keys are held by one person or a tiny group of insiders.

DeFi protocol BarnBridge DAO immediately halted operations after a lawyer warned that token-holders could be personally liable.

Arcadia Finance has said that it’s in contact with the exploiter who drained $455,000 in a hack made possible through code vulnerabilities.