Curve Finance exploit has 'shaken confidence in DeFi'

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The DeFi protocol saw several of its liquidity pools exploited as a result of a bug in smart contracts that use versions of Vyper.

"Confidence in DeFi is definitely shaken, if a protocol that ran without problems for three years gets exploited, it makes us question how safe other blue-chip protocols like Aave, Compound, or even

"The worst thing about the Curve hack is this is not something a typical researcher would have looked for, they dug deep in our release history to find an exploitable issue for a large protocol with many millions at stake, this took a significant amount of time to identify," a leadingIgnas said the exploit"raises concern that any protocol compiled with Vyper could be at risk.

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Ethereum logs $1M MEV block reward amid Curve Finance exploitThe Curve Finance exploit has led to 'some of the largest MEV reward blocks in Ethereum’s history,' according to Ethereum core developer econoar. econoar “A bot notices an incoming hack in the mempool, reproduces the tx [transaction] and front runs it”, he explained before adding, “To do so they pay the block producer a lot of ETH to be front of the line.”
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