First Mover Americas: Curve Finance Exploit Puts More Than $100M of Crypto at Risk

last week after OpenAI's Worldcoin launched on the network. The gains in transaction volume for Optimism meant it surpassed its rival Arbitrum for the first time in six months, according to Dune Analytics.Coinbase to stop trading in all cryptocurrencies other than bitcoin prior to suing the crypto exchange, CEO Brian Armstrong told the Financial Times.

“We believe every asset other than bitcoin is a security,” said the SEC, according to Armstrong, who added that the agency declined to disclose its reasoning behind that conclusion. “We really didn’t have a choice at that point,” said Armstrong. “It would have essentially meant the end of the crypto industry in the U.S … Let’s go to court and find out what the court says.

The rally's exact reason is unknown, but the move appears to be a part of renewed investor interest in smaller tokens, including meme cryptocurrencies. Smaller tokens, in general, are less liquid. A few buy/sell orders tend to have an outsized impact on the going market rate.

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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.
출처: TheBlock__ - 🏆 464. / 53 더 많은 것을 읽으십시오 »

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.
출처: Cointelegraph - 🏆 562. / 51 더 많은 것을 읽으십시오 »