Executives of Curve Finance and DeFi platforms Metronome and Alchemix have sent a tempting offer to the hacker who broke into the network this week. They have set a deadline of August 6th at 08:00 UTC.
The fraudster's theft of Curve Finance's funds has sent shockwaves through the DeFi sector, and the company is in danger of liquidation. At this crucial time, Curve, Metronome, and Alchemix, three key companies in the DeFi network, jointly offered the hacker a deal to recover some of the stolen funds.
The hacker exploited a critical vulnerability in various versions of Vyper and attacked four liquidity pools on the widely used Curve Finance platform.
Pools from several DeFi projects using Vyper 0.2.15, 0.2.16, and 0.3.0 were affected after the hack, including pETH/ETH PEGD for $11 million, msETH/ETH Metronome for $3.4 million, alETH/ETH Alchemix for $22.6 million, and Curve DAO for $24.7 million.
The three companies decided to contact the hacker directly and sent an offer to his Ethereum address to stop the harassment in exchange for a refund. They agreed that he would receive 10% of the stolen assets in exchange for the return of the remaining 90% and that law enforcement would never prosecute him in the future.
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At the same time, they warned that if he refused the deal, they would publish the details of the hack, which would lead to severe prosecution.
The deadline for the offer is August 6 at 8:00 UTC. They warned that non-compliance would result in ruthless prosecution of the offender.
Representatives of the DeFi platform emphasized the value of online ownership verification for negotiations and offered a direct communication channel through curvenegotiation@protonmail.com.
Also read: CRV continues to lose ground: Will the domino effect have an impact on other cryptocurrencies.