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Crypto Exchange Binance Recovers $450K Stolen From DeFi Protocol Curve.Finance
The world's largest exchange is working with law enforcement to return the funds.
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.
STORY CONTINUES BELOW
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.
Parikshit Mishra
Parikshit Mishra is CoinDesk's Regional Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
