Ethereum, the second-largest blockchain network in the Crypto market, has set a new record for the year regarding “dirty” money circulation. According to Chainalysis data, illicit money flows have recently accounted for nearly 2% of total circulation on Ethereum. Specifically from July 30 to August 5, the index fluctuated from 1.7% to 1.82%, before returning to normal on August 6.
Thereby, this number officially broke the record in January, when illegal money flow accounted for 1.46% of the total cash flow on Ethereum. It’s unclear precisely what caused this sudden spike, but it coincided with the Curve Finance hack that rocked the DeFi community last week.
As Allinstation reported, Curve Finance, the leading DeFi platform on Ethereum, was previously attacked by a mass attack within 24 hours causing significant damage. Recently, hacker Curve Finance has started to take action to return money to the project. This is considered a response to Curve’s “ultimatum” before
However, the attacker only returned the stolen money from Alchemix and JPEGd but did not pay the rest. Even the hacker “crowns” that he will not be detected.
“I want to make it clear that I am refunding you not because you can find me, but because I don’t want to ruin your project,”
the attacker said, adding:
“Perhaps it was a lot of money for a lot of people, but not for me, I’m smarter than all of you.”
This prompted Curve to announce a $1.85 million bounty to anyone who can pinpoint the exploiter of this DeFi protocol vulnerability.
Ethereum NFTs and One-Way Ticket
IMMUTABLE X & LAYER 2- What are Ethereum rollups?
Celo proposes to become layer-2 of the Ethereum
