Curve has beenrecently, with its Conic Finance omnipool getting exploited for $3.6 million in Ethereum last week in a similar reentrancy attack.
Furthermore, Curve Finance’s total value locked has tanked 43% since the exploit, falling from $3.26 billion to $1.87 billion,Curve’s native token, CRV, dumped 18% in the hours following the attack. At the time of writing, CRV was trading at $0.621, having lost 15% over the past 24 hours. The DeFi token has had a rough ride recently, dropping 23% over the past fortnight. As a result, CRV remains down a painful 96% from its August 2020 all-time high of $15.37.in the DeFi ecosystem have been hit hard in this bear market and remain down 80-90% from their peak price levels.
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Curve Finance Exploit Puts $100M+ Worth of Crypto at Risk; CRV Token TumblesMore than $100M-worth of cryptocurrency could be at risk due to a bug impacting Curve, a stablecoin exchange at the center of Ethereum’s DeFi ecosystem.
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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 »
Upbit suspends CRV deposits and withdrawals amid Curve Finance exploitSouth Korean crypto exchange Upbit has suspended deposits and withdrawals for Curve Finance's token, CRV.
Source: TheBlock__ - 🏆 464. / 53 Read more »