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Ava Labs President on Curve Finance Exploit, Future of Asset Tokenization

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'Hopefully, one day maybe even artificial intelligence can be used to more efficiently review their contracts and make it more secure,' avalabsofficial's John1wu says, discussing CurveFinance’s recent $50 million exploit. More, presented by trondao:

Ava Labs president John Wu joins "First Mover" to discuss Avalanche Vista, a $50M initiative for purchasing tokenized assets minted on the Avalanche blockchain, along with the opportunities and challenges of asset tokenization.

 

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Curve Finance pools exploited in over $24M due to reentrancy vulnerabilitySeveral stable pools on Curve Finance using Vyper were exploited on July 30, with losses reaching $24 million at the time of writing. Several stable pools on Curve Finance were exploited on July 30, with losses reaching $24 million. According to Vyper, its 0.2.15, 0.2.16, and 0.3.0 versions are vulnerable to malfunctioning reentrancy locks, leaving projects relying on these versions exposed to potential risks.
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