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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.
Updated May 11, 2023, 4:40 p.m. Published Aug 12, 2022, 7:04 a.m.
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.
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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.
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Microsoft Raises Alarm of Malware Targeting Coinbase, MetaMask Wallets
A new report from Microsoft researchers warned of malware that could steal and decrypt users’ information from 20 of some of the most popular cryptocurrency wallets.
What to know:
- Tech giant Microsoft shared a new report warning of malware that targets 20 of the most popular cryptocurrency wallets used with the Google Chrome extension.
- The malware, dubbed StilachiRAT, could deploy “sophisticated techniques to evade detection, persist in the target environment, and exfiltrate sensitive data."
- While the malware has not been distributed widely, Microsoft did share that it has not been able to identify what entity is behind the threat.
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