Curve Finance Hack Suspect Initially Identified

Key Points:

• On-chain detective ZachXBT, the address of Twitter user Michael Razoumovitch (@MichaelRazum), is linked to the recent Curve Finance mining.
• Zach said he tried to contact this person to negotiate.
• There was earlier speculation that the perpetrator of the Curve hack could be a state-sponsored organization similar to the Ronin Network hack.

According to famous on-chain sleuth ZachXBT, the address of Twitter user Michael Razoumovitch (@MichaelRazum) was identified as having an on-chain link to the recent Curve Finance mining. Currently, Zach has contacted Michael Razoumovitch to negotiate.

One user reported that the suspect had been on the Ethereum web3.py blockchain library and the Bancor open-source Defi protocol ecosystem for a while.

The recent Curve hack has caused great confusion for the community, not only because Curve is the largest project in the DeFi system but also at the scale and scale of the incident. Currently, the loss of assets is at risk of up to $100 million, and there are a series of affected projects, such as Alchemix (ALCX), Ellipsis (EPX),…

According to the report, several Curve protocols using the Vyper 0.2.15 programming language have been repeatedly attacked. The incident started on the evening of July 30. Project JPED’d – an NFT loan project, announced that it had been attacked on the pETH-ETH liquidity pool, with a loss of up to 11.4 million USD. After that, the sETH-ETH team of the Metronome project was also withdrawn more than 1.6 million USD. After that, other projects like Alchemix, Debridge, and Elippsis also reported the same situation. More than $42 million has been withdrawn from groups on Curve for this reason, according to security firm BlockSec.

According to an expert from Vyper @fubuloubu, Curve’s hacker team has deeply researched each version of Vyper to find exploitable vulnerabilities. This causes the attack to be prepared for weeks or even months. So @fubuloubu suspects that state-sponsored hackers might be involved. Historically, the attack on Ronin Network that caused more than $600 million in damage last year was carried out by Lazarus Group, a notorious hacker group funded by the North Korean government.

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