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Cryptocurrency exchange Curve Finance seems to have had a security breach on Tuesday, adding to a long list of previous hacks that have afflicted the digital token industry. Curve tweeted that an “issue has been found and reverted” after an earlier warning against using its curve.fi website.
Curve Finance was the victim of a front-end exploit caused by a DNS issue. It has since resolved the exploit, and FixedFloat has frozen 112 Ethereum worth of stolen funds.
Alleged hacker altered protocol's DNS record
DNS spoofing was used to hack the site's frontend, while the curve.exchange frontend remained unaffected
The crypto winter has not spared anybody. Investors, crypto exchanges, and decentralized finance ecosystems have all become casualties.
Curve Finance tells its users to revoke any recent contracts, because of a recent malicious attack on the site. Automated market creator Curve Finance used Twitter on Tuesday to alert users of the vulnerability on its platform.
Curve Finance became the latest target in a long list of exploits that have decimated the crypto space in 2022. The protocol reported that an exploit on the site's nameserver and front end resulted in a loss of over $573,000.
Curve Finance is the latest DeFi protocol to fall victim to a hack.
In another major security incident in the crypto space, decentralized crypto exchange Curve Finance found its DNS being hijacked. The hackers managed to deploy a malicious contract on the home page, which when approved by the victim would completely drain the user wallets.
Curve Finance, one of the largest decentralized exchanges, had its front end hacked earlier today for approximately $570,000. Curve has resolved the issue, and recommended users revoke any approved contracts on its platform. The post Curve Finance resolves hack from earlier today appeared first on The Block.
Via their official Twitter handle, the Ethereum-based decentralized finance (DeFi) protocol Curve Finance has confirmed a vulnerability in their nameserver or frontend curve.fi which was successfully reverted. Earlier, the team behind the project advised caution to its users and claimed an investigation has been launched to look into any potential vulnerabilities exploit.
The source of the hack has been “found and reverted,” according to the protocol.
A still undefined exploit of the site's frontend appears to have resulted in the theft of over $573K USD so far.
The stablecoin trading service is experiencing an ongoing exploit and warns users from engaging with the frontend until further notice.
The crypto market fell from $1.113 trillion to $1.07 in the span of 24 hours, losing more than $31 billion, leaving altcoins in the red.
Crypto.com Coin (CRO) is the native token of the Crypto.com Chain. On the other hand, the Curve Dao token (CRV) powers the automated market maker system on Curve, a decentralized exchange.
Picking up the right crypto coin at the right time can be key in the future of your portfolio. The most money is made by those who invested in the early days of a project, before it went mainstream and hit the big exchanges.
The rising channel pattern currently governs the CRV/USDT price action in the daily time frame chart. Moreover, the altcoin has recently rebounded from the pattern's support trendline, indicating another bull cycle within the pattern.
The SUSHI token is the native token of the exchange known as the SushiSwap. On the other hand, the CRV token is the native of the exchange known as the Curve Dao.
Over the past five weeks, the CRV/USDT pair ascended in response to a rising channel pattern. However, last week's sell-off in the crypto market provoked a minor correction which retested the ascending support trendline.
Top crypto analyst Michaël van de Poppe says that leading smart contract platform Ethereum (ETH), two rivals and one additional altcoin appear poised to ignite breakout rallies. In a new strategy session, Van de Poppe tells his 166,000 YouTube subscribers that Ethereum is currently testing the strength of its immediate resistance at around $1,700.
Nowadays, cryptocurrencies are moving into DeFi. It's a good option to be the one who manages your digital capital and at the same time handles every decision.
DeFi tokens, including Curve DAO Token [CRV], Uniswap [UNI], and 1INCH, were part of the cryptocurrencies that surged as of 29 July. In addition, none of the tokens gained as much as CRV throughout the uptick.
DeFi coins Lido, Curve, and UNI jumped by double digits as the markets rebounded and are among the top gainers to a $1.1 trillion market cap so let's read more today in our latest cryptocurrency news today.
