"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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Curve Finance factory pools targeted due to reentrancy vulnerabilityFactory pools on Curve Finance faced a reentrancy vulnerability, a security flaw allowing potential funds drain from interrupted contract calls.
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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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Crypto Futures Show Bias for Uniswap's UNI Token After Curve Finance ExploitUNI perpetual futures trade at 20% premium as traders expect Uniswap to gain even more market share after the CRV exploit, one research head said.
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Source: Cointelegraph - 🏆 562. / 51 Read more »