![]() DCG disclosed last year that it had received approximately $575 million in loans from Genesis. The investigation focuses on loans and other transactions conducted between the two companies. Federal prosecutors and the Securities and Exchange Commission are also involved, seeking interviews with individuals associated with both Genesis and DCG. The investigation is being carried out by New York Attorney General Letitia James, as reported by Bloomberg. Overall, this marks a significant step in recovering the stolen funds and mitigating the impact of the attack on Alchemix and other affected projects.ĭigital Currency Group (DCG) and its subsidiary, Genesis Global Capital, are currently facing scrutiny over their financial transactions. The protocol has stated that they will not pursue legal action and view the incident as a white-hat rescue. In addition to Alchemix, the nonfungible token protocol JPEG’d has also been refunded by the hacker. The attacker claimed to be returning the funds not because they could be found, but because they didn’t want to harm the projects involved. Within 24 hours of the offer, the attacker started returning the stolen funds. On August 3, Curve, Metronome, and Alchemix jointly announced an initiative to recover the stolen funds, offering a 10% bounty as a reward and urging the hacker to return the remaining 90%. The return of funds began after the hacker accepted a bug bounty offer. The hacker exploited vulnerabilities in the Vyper programming language through reentrancy attacks to target stable pools on Curve Finance. Other pools, such as JPEGd’s pETH-ETH pool and Metronome’s sETH-ETH pool, were also affected. The attack occurred on July 30 and resulted in over $61 million in cryptocurrencies being drained, including $13.6 million from Alchemix’s alETH-ETH pool. Lending platform Alchemix has announced that the Curve finance hacker has returned all stolen funds. ![]()
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