JPEG’d has retrieved roughly $10M worth of stolen assets from the Curve Finance hacker, who received a $1M bounty for returning the funds. No legal action will be taken.
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 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 from the pETH exploit.
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