Nonfungible token finance (NFT-Fi) protocol JPEG’d has confirmed that 5,495 Ether (ETH), worth roughly $10 million at current prices, has been returned by the Curve Finance hacker.
In exchange for returning the funds that were stolen on July 30, the hacker received a 610.6 ETH ($1.1 million) bounty.
JPEG’d exploit update:
Seems 5495 ETH was returned just now for a 10% whitehat bounty.
0x003b00378ac52c10200d8fcac0e42138a34e46b9d7c3350ad3372ae0eb141df3
Michael Razum is not the exploiter but was linked on-chain bc a few of his contracts were drained by this person. pic.twitter.com/mc3GGx2gyd
— ZachXBT (@zachxbt) August 4, 2023
JPEG’d is a decentralized lending protocol that enables users to borrow funds against their collateralized NFTs. As part of the major hack on Curve Finance, the protocol lost $11.6 million worth of crypto.
In an Aug. 4, X (Twitter) thread, the team stated that the funds have been returned to the JPEG’d decentralized autonomous organization multisig wallet address.
“Any further investigations or legal matters against the entity will end. We view this occurrence as a white-hat rescue,” the JPEG’d team stated.
The JPEG’d DAO confirms receipt of 5,494.4 WETH back to the JPEG’d Multisig for a total of 5,495.4 WETH. A 10% white-hat bounty of 610.6 WETH was awarded to the owner of the address that recovered funds…
