A massive Curve Finance exploit is causing havoc for Ethereum’s decentralized finance ecosystem. by skesslr and realdannyNelson
Upwards of $100 million worth of cryptocurrency are at risk due to a “re-entrancy” bug in Vyper, a programming language used to power parts of the Curve system. Several stablecoin pools on the platform — used for pricing and liquidity on a number of different DeFi services — have been drained by hackers so far.It was unclear at press time how much had been drained from Curve as a result of the attack.
The heist destabilized trading markets for Curve DAO’s native CRV token, which was down 17% on the day at a price of $0.61 as of press time. That price action threatened to compound the chaos by potentially forcing a liquidation on the founder of Curve’s $70 million borrowing position on Aave.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Read more »
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.
Read more »
Neighbors along ‘Dead Man’s Curve’ on Northwest Side promised traffic light to stop speedersPrue Road between Babcock and Bandera roads has been nicknamed “Dead Man’s Curve” because of the high number of traffic crashes along the winding road. Residents who are fed up have been trying to get someone to hear their concerns for two years.
Read more »
Bond Traders Bet on ‘Nirvana’ in New Decoding of Yield CurveListen to Wall Street’s top economists and you’ll hear the same message again and again: The risk of a recession is fading fast. And yet, in the bond market, the traditional warning that a downturn is near — an inversion of the yield curve — keeps getting louder.
Read more »
A key test for EV sales and the adoption curve is comingGM sold about 36,000 EVs in the first half of 2023. With production set to zoom higher, the new Silverado, Blazer and Equinox models better sell.
Read more »
Millions of Curve DAO tokens stolen minutes before a white hat rescue missionMillions of CRV tokens were taken minutes before a white hat mission to protect the funds was set to take place.
Read more »