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April

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<a href="https://bitcoinworld.co.in/curve-finance-rewards-cybersecurity-researcher-marco-croc-with-250000-for-identifying-vulnerability/" title="Curve Finance Rewards Cybersecurity Researcher Marco Croc With $250,000 For Identifying Vulnerability" rel="noopener noreferrer nofollow"></a>
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 <li style="font-weight: 400">A pseudonymous cybersecurity researcher known as Marco Croc, affiliated with Kupia Security, has been awarded a substantial sum of $250,000 by Curve Finance for identifying a critical vulnerability.</li>
</ul>
<h3 id="span-style-font-weight-400-curve-finance-rewards-cybersecurity-researcher-250-000-for-identifying-vulnerability-span">Curve Finance Rewards Cybersecurity Researcher $250,000 for Identifying Vulnerability</h3>
A pseudonymous cybersecurity researcher known as Marco Croc, affiliated with Kupia Security, has been awarded a substantial sum of $250,000 for identifying a critical vulnerability that has historically enabled hackers to carry out multimillion-dollar thefts from cryptocurrency protocols.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Big thanks for the disclosure! Grieving attacks are not as dangerous (funds would be anyway recoverable, and no profit for attacker) – could have caused serious panic if happened.
 This is an example of a very professional work
 — Curve Finance (@CurveFinance) <a href="https://twitter.com/CurveFinance/status/1785406648082997532?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 30, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The vulnerability was found in the decentralized finance (DeFi) protocol Curve Finance, which could be exploited to manipulate balances and withdraw funds from liquidity pools.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f41e.png" alt="🐞" class="wp-smiley" style="height: 1em; max-height: 1em;">I reported a vulnerability in <a href="https://twitter.com/CurveFinance?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CurveFinance</a> and I am thrilled to share that I've been awarded a bug bounty of $250,000. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">
 — Marco Croc (@malicator) <a href="https://twitter.com/malicator/status/1785376170608922675?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 30, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<a href="https://twitter.com/CurveFinance/status/1785406648082997532" rel="noopener noreferrer nofollow">Curve Finance</a> promptly acknowledged the potential security risks associated with the vulnerability and expressed their understanding of its severity.&nbsp;
After conducting a comprehensive investigation, Curve Finance awarded Marco Croc the maximum bug bounty of $250,000 as a token of appreciation for his significant contribution.
Although Curve Finance classified the threat as “not as dangerous,” they acknowledged that any kind of security incident, even on a smaller scale, could have resulted in serious panic among users.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/massive-43-million-crypto-ponzi-scheme-uncovered-in-new-york-leading-to-wire-fraud-arrest/" aria-label="“Massive $43 Million Crypto Ponzi Scheme Uncovered In New York, Leading To Wire Fraud Arrest” (Edit)" rel="noopener noreferrer nofollow">Massive $43 Million Crypto Ponzi Scheme Uncovered In New York, Leading To Wire Fraud Arrest</a>
The protocol stated their belief that they could recover any stolen funds in such an event.
This incident comes on the heels of Curve Finance’s recovery from a previous hack in July, which resulted in a loss of $62 million.&nbsp;
In an effort to restore normalcy, the DeFi protocol recently conducted a vote to reimburse $49.2 million worth of assets to the liquidity providers (LPs).&nbsp;
On-chain data confirms that the disbursement of tokens worth over $49.2 million was approved by 94% of tokenholders to cover the losses incurred in the Curve, JPEG’d, Alchemix, and Metronome pools.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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The post <a href="https://bitcoinworld.co.in/curve-finance-rewards-cybersecurity-researcher-marco-croc-with-250000-for-identifying-vulnerability/" rel="noopener noreferrer nofollow">Curve Finance Rewards Cybersecurity Researcher Marco Croc With $250,000 For Identifying Vulnerability</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Curve Finance Rewards Cybersecurity Researcher Marco Croc With $250,000 For Identifying Vulnerability

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