

Curve, Metronome, and Alchemix Unite to Offer 10% Bounty on Vyper Hack
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The bounty amounts to around $7 million, considering approximately $70 million worth of cryptocurrencies were stolen during the attack.
Hacker Offered a Chance at Whitehat
Curve Finance, together with Metronome and Alchemix, have come forward with an initiative in the aftermath of the recent exploits that shook the DeFi world. The trio of decentralized finance platforms announced a joint 10% bug bounty on Vyper hack in an effort to retrieve stolen funds.
Based on on-chain data, the three protocols are pledging a 10% reward of the pilfered funds to anyone involved in the hack who voluntarily comes forward and returns the remaining 90%. With approximately $70 million worth of cryptocurrencies stolen during the attack, the bounty could reach a substantial $7 million.
"Curve, Metronome & Alchemix would like to discuss a bounty with any parties who were involved in the recent Curve exploits. We are offering a 10% bounty of any funds stolen, which are yours to keep if you return the remaining 90%. There will be no risk of further pursuit or law enforcement issues if you choose to comply," the joint statement revealed.
The hack exploited a critical vulnerability in certain versions of the Vyper programming language, affecting four liquidity pools on the Curve Finance platform. Pools utilizing Vyper 0.2.15, 0.2.16, and 0.3.0 were specifically targeted, with a malfunctioning reentrancy lock at the root of the attack.
Following the security incident, concerns have arisen within the crypto community regarding potential ripple effects on the wider DeFi ecosystem. The incident has left Curve Finance's native stablecoin, crvUSD, briefly depegged on Aug. 3, reflecting the uncertainty surrounding the protocol after the exploit.
The three platforms are urging those involved in the hack to step forward and engage in the voluntary return process before August 6 at 0800 UTC to claim the 10% bounty. Failure to comply will result in the bounty being extended to the public, with the full reward going to anyone who can help identify the perpetrators and lead to their conviction in court.
The platforms have established a secure communication channel via curvenegotiation@protonmail.com for negotiations and are requesting interested parties to verify their ownership of the associated addresses on-chain before proceeding with discussions.
As the deadline approaches, the crypto community is closely watching the outcome of this whitehat bounty initiative's outcome, hoping for the stolen funds' recovery and a swift resolution to this unsettling incident.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Related News


Lucidao Unveils Bold Rebrand: Pioneering the Tokenization of Real-World Assets

The rebranding underscores Lucidao's commitment to bridging real-world assets and blockchain technology.
Decentralized Finance (DeFi) platform Lucidao has recently unveiled its new look alongside a redefined mission. With the launch of a revamped website, Lucidao is taking a significant step towards the tokenization of Real-World Assets (RWAs), strategically positioning itself as a leading force in the intersection of blockchain technology and Real-World Assets.
The core of Lucidao's transformation lies in a strategic shift – a commitment to making the tokenization of RWAs its primary mission. This goes beyond a mere rebrand; it signifies a pivotal moment for the platform, where every innovation and product creation revolves around the tokenization and digitization of real-world assets.

At the forefront of Lucidao's success is Altr, a decentralized application (dApp) that set the stage for bringing physical luxury collectibles onto the blockchain. This initiative, born out of Lucidao's governance process, showcases the vast possibilities within Lucidao's expansive vision for RWAs.
Lucidao's Approach to Empowering Stakeholders
Empowerment is a cornerstone of Lucidao's approach to asset tokenization and digitization. Lucidao token ($LCD) holders aren't just passive investors; they are active contributors shaping the platform's trajectory. This unique governance model transforms each $LCD holder into an engaged participant, with the ability to propose, debate, and enact initiatives, fostering an agile and adaptive environment.
The $LCD token plays a central role in Lucidao's ecosystem, serving as a versatile utility token integral to governance, transaction fees, and participation in Quickswap's liquidity pool farming. Recognizing the importance of community involvement, Lucidao is set to introduce a Fiat onramp on its new website, making it easier for individuals to directly acquire $LCD tokens.
Beyond Luxury Collectibles: Lucidao's Expansive Vision
Lucidao's vision extends far beyond luxury collectibles. While Altr showcased the platform's capabilities, Lucidao aims to be an ecosystem that embraces a wide array of real-world assets on the blockchain. The advantages are manifold, ranging from increased liquidity and fractional ownership to the transparency and immutability inherent in blockchain technology. The new website acts as a comprehensive guide to these transformative initiatives, illustrating Lucidao's commitment to unparalleled innovation and inclusivity.
Lucidao's bold rebrand marks a transformative chapter in the platform’s journey as it establishes itself as a pioneer in the tokenization of Real-World Assets (RWAs). The unveiling of a revamped website symbolizes a strategic commitment, not just to aesthetics, but to a profound shift where every facet of innovation orbits around the digitization of tangible assets. Through empowerment and community involvement, Lucidao propels itself as a catalyst for innovation and inclusivity, setting the stage for an innovative approach to asset management in both digital and physical realms.
About Lucidao
Lucidao is a DAO with a primary focus on the tokenization and digitization of Real-World Assets (RWAs). Originating as an independent entity, Lucidao has given life to projects like Altr through its decentralized governance model. Using the $LCD utility token for all ecosystem interactions, Lucidao is paving the way for a transformative approach to managing assets in both the digital and physical realms, providing not just access but empowerment to community members.
For more information, visit Lucidao's official linktree.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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