Around five days later, the crypto investors now again showed confidence to trade Curve Token. 

Curve finance is a decentralized finance (DeFi) protocol, known as the best stablecoin trading platform. 6 days ago, this platform faced a hack attack and in that attack, the hacker successfully drained nearly $52 million worth of funds from the Curve pool. 

A number of stablepools (alETH/msETH/pETH) using Vyper 0.2.15 have been exploited as a result of a malfunctioning reentrancy lock. We are assessing the situation and will update the community as things develop.Other pools are safe.

— Curve Finance (@CurveFinance) July 30, 2023

Curve Finance founder Michael Egorov tried his best to maintain trust in the crypto industry through the best fund compensation approach. He sold a huge amount of his curve token holdings to multiple institutions via OTC trading at discounted prices and also collected loans from lending platforms.

Michael Egorov sold another 34M $CRV via OTC, then repaid 7.52M $MIM on #Abracadabra and 6.1M $USDT on #Aave 4 hrs ago.He has sold a total of 106M $CRV for $42.41M and currently has $65.34M in debt.

— Lookonchain (@lookonchain) August 4, 2023

Egorov used the funds to reduce the risk of a liquidity crisis on the platform. He is getting huge appreciation in the crypto community but the crypto traders were failing to show confidence with curve DAO token (CRV). 

Over the last 6 days, the CRV token plunged badly to nearly 15-20% but the last 24 hours showed that crypto traders are now confident to go with curve token investment.

Curve Finance founder repaid $42.41 million in debts so far. 

Hacker returns fund 

Here the credit in the curve token trade price boost also goes to the curve finance exploiter who returned 4,819.55 alteth and 6106 Ethereum (ETH) to Alchemix Finance.

The hacker labeled as "Alchemix/CurveFinance Exploiter" returned a total of 4,819.55 alteth to Alchemix Finance: Dev multiple times. The JPEG'd attacker also returned 6106 ETH. Earlier, the attacker released information saying that please confirm the address and he will return…

— Wu Blockchain (@WuBlockchain) August 4, 2023

Anonymous hacker kept 10% of the stolen funds and returned the rest of the funds to the platform and said that he returned the funds because he doesn’t want to destroy the platform. After all, that will result in a very big loss for huge numbers of people.

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