decentralized finance Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims that it is assessing each impacted user for reimbursement. This comes after the exploiter returned 73% of the stolen funds.
The DeFi ecosystem moved beyond the Curve dilemma only to face another set of exploits this past week, with Zunami Protocol seeing its stablecoins pools exploited, resulting in a net loss of over $2 million. However, the week was also filled with optimistic developments as ConsenSys completed the public launch of its zero-knowledge Ethereum Virtual Machine , Linea, with $26 million worth of Ether bridged.
In another development, Fantom-based decentralized exchange SpiritSwap was rescued from its shutdown at the last moment through a community resolution.Curve Finance has officially stated its intention to reimburse users impacted by its recent hack, which resulted in $62 million in losses. According to an X post from its official account, ongoing investigations are yielding progress, with approximately 79% of the funds successfully recovered.
This assessment aims to ensure an equitable distribution of resources. The incident on July 30 involved
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Gartner_inc - 🏆 455. / 53 Read more »
Source: Gartner_inc - 🏆 455. / 53 Read more »