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Curve Finance, a popular decentralized exchange (DEX), recently faced a significant security breach that affected multiple Ethereum pools and an Arbitrum-based liquidity pool. The incident occurred over the weekend, leading to the theft of millions of dollars.
Ava Labs president John Wu joins "First Mover" to discuss Avalanche Vista, a $50M initiative for purchasing tokenized assets minted on the Avalanche blockchain, along with the opportunities and challenges of asset tokenization. Plus, his reactions to the Curve Finance exploit, Ripple's partial win against the SEC and outlook for the metaverse.
MakerDAO and Aave founders try and find a silver lining to the multimillion dollar Curve exploit over the weekend.
On July 30, over 6,000 ETH ($11M worth) in so-called Maximal Extractable Value rewards were paid out to Ethereum validators, the most ever for a single day.
Bitcoin's price opened the week trading flat, unmoved by the weekend's significant Curve Finance DeFi exploit.
The $70 million weekend exploit of major platforms, including Curve, come at a time when developers are discussing changes to the prevailing AMM liquidity model.
Smart contracts built using older Vyper versions are vulnerable to hacks, according to the programming language's developers.
Despite the Curve Finance hacking attack, the price of CRV spiked above $5.80 on Bithumb and $3 on CoinOne.
"The Hash" panel tackles today's hottest topics in crypto, including Coinbase CEO Brian Armstrong's recent interview with the Financial Times and battle with the SEC. Curve, a stablecoin-focused decentralized exchange (DEX), was the victim of an exploit late Sunday.
In the wake of a massive exploit, the price of the Curve (CRV) token has declined drastically, recording double-digit losses in the last day. This has led to what some would call an opportunity to buy cheap coins and Matrixport and Bitdeer founder Jihan Wu is one of the believers.
The DeFi protocol saw several of its liquidity pools exploited as a result of a bug in smart contracts that use versions of Vyper.
In response to a significant security exploit, South Korean cryptocurrency exchange Upbit has temporarily halted deposits and withdrawals for Curve (CRYPTO: CRV), the native token of stablecoin-focused decentralized exchange Curve Finance. Upbit advised its users to exercise caution when considering any investments related to the token.
On this fateful day, the Ethereum network witnessed an unprecedented surge in Maximum Extractable Value (MEV) block rewards, thanks to a chaotic exploit that shook up the decentralized exchange Curve Finance.
The Curve Finance (CRV) token, following yesterday's network security exploit, saw a 500% rise on the South Korean crypto-exchange Bithumb. This is not reflected in the CRV/USD pairs listed on Western crypto-exchanges, which instead see CRV's price weaker.
Ethereum's largest MEV rewards have just been recorded amid a Curve exploit. 584 ETH ($1M) have been grabbed by bots front-running transactions, raising ethical concerns.
The Curve Dao Token (CRV) has been on the decline since Sunday after Vyper devs identified a curve hack on a number of stablepools. Vyper took to Twitter on July 30 and stated that “PSA: Vyper versions 0.2.15, 0.2.16 and 0.3.0 are vulnerable to malfunctioning reentrancy locks.
Following the suspension of Curve Finance (CRV) deposits and withdrawals, a drastic change has been witnessed on the South Korean cryptocurrency market. The prices of CRV, the native token of the decentralized finance (DeFi) protocol, have soared drastically on two major South Korean exchanges, Upbit and Bithumb.
The latest price moves in bitcoin (BTC) and crypto markets in context for July 31, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
The incident occurred on July 30, when several stable pools on Curve Finance fell victim to a vulnerability caused by malfunctioning reentrancy locks in various versions of the Vyper programming language. The losses incurred by Curve Finance were estimated at around $47 million.
An exploit in the Vyper programming language caused a significant drain from Curve Finance's liquidity pools, but the decentralized protocol was rescued from total collapse by Chainlink's price feed.
Upbit noted that CRV has experienced increased volatility.
Upbit, a prominent cryptocurrency exchange based in South Korea, has taken the precautionary measure of suspending trading for the CRV token, which is utilized by Curve Finance, a decentralized finance (DeFi) platform.
On Sunday 30 July, five separate cyber attacks were carried out on the decentralized Curve Finance protocol, with damage from the crypto hack estimated at $70 million.
A vulnerability in the Vyper programming language widely used by DeFi protocols like Curve Finance led to exploit of multiple Curve liquidity pools on Sunday.
