Tag Archives: Curve Finance

On the 30th of July, four Curve Finance pools were exploited due to a re-entrancy bug made possible by the Vyper programming language. The hackers attacked four mining pools and made off with a total of $73.5 million. Almost immediately, the community sprang into action – Curve itself extended the standard olive branch, offering to treat the incident as a white hat incident in return for 90% of the stolen funds being sent back. Meanwhile, genuine white hats also went after...

The digital currency arena gave traders a bit of a scare in early August this year when for the first time in several weeks, the prices of many major assets – bitcoin among them – fell to new lows. BTC, for example, dropped below $29,000 for the first time in a while, sending all investors into a whirlwind of fear and concern. Bitcoin Fell for the First Time in Weeks Ethereum was the other major digital currency to dip alongside bitcoin. The second largest crypto...

The price of Curve DAO (CRV) tokens briefly fell below $0.40 on Wednesday as over-the-counter (OTC) transfers made by the DeFi project’s founder, Michael Egorov, were later transferred to Binance. As reported by blockchain security firm PeckShield, one of Egorov’s counterparties from last month. transferred 609,000 CRV tokens to Binance on Wednesday. When investors send funds to exchanges, analysts generally view this as reflecting an intention to sell. The counterparty...

The hackers behind the recent exploit of several pools on the decentralized exchange Curve Finance have returned approximately 73% of the stolen crypto assets, accounting for about $52.3 million. Blockchain security firm PeckShield revealed Monday that Curve Finance lost $73.5 million in the hack. With the amount recovered so far, the exchange is looking to recoup the remaining $19.7 million. Curve Finance Recovers $52M of Stolen Assets Eight days ago, Curve Finance suffered...

Decentralized exchange Curve Finance has teamed up with Metronome and Alchemix to offer a 10% bug bounty to the attackers behind the recent exploit that saw more than $50 million siphoned off the platforms’ pools. According to an on-chain message on one hacker’s Ethereum address, the protocols are willing to cease the pursuit of the case if the attackers return 90% of the stolen funds, keeping 10% for themselves. Curve, Metronome, and Alchemix Offer Hacker 10% Bounty Recall...

CRV – the native token of the DeFi exchange Curve Finance – has plunged over 12% following the recent exploit on several stable pools of the project. However, the token’s price took a somewhat interesting trajectory on the leading South Korean cryptocurrency exchanges Bithumb and CoinOne, currently trading at a 510% and a 220% premium, respectively. Separately, Upbit (another major Korean digital asset platform) paused CRV deposits and withdrawals shortly after the latest...

CoinspeakerUpbit Suspends CRV Trading after Curve Finance Exploit Upbit noted that CRV has experienced increased volatility. Upbit Suspends CRV Trading after Curve Finance Exploit

Gauntlet, a decentralized finance (DeFi) risk management entity, seems to be facing some backlash on its latest proposal on the Aave governance forum after it was accused of fixing in elements of a previous one that was voted down by the community. The proposal in question seeks to mitigate the risks regarding a loan tagged to Curve Finance founder Michael Egorov. Egorov’s $64 Million Loan Draws Attention Again A member of the Aave community, Marc Zeller, opposed one proposal...

A wallet linked to Michael Egorov, the founder of decentralized exchange (DEX) and automated market maker protocol Curve, has reduced its on-chain debt by repaying 1.35 million USDT of a loan on the decentralized lending platform, Aave. Egorov’s move comes as Curve’s native token (CRV), used as the loan’s collateral, significantly declined in the past week, reducing the loan’s health factor and increasing the liquidation risk. Egorov Returns 1.3M USDT to Aave Egorov started...

Last week’s collapse of Silicon Valley Bank (SVB) and the subsequent contagion appeared to have worked in favor of the decentralized exchanges as trading activity soared to levels not seen since November 2022. According to the latest data from DeFiLlama, the daily trading volume on decentralized exchanges was up by an astonishing 255.36% over the past week and is inching closer to $60 billion, a level last seen four months ago. The figure reached almost $25 billion on March...