Nefarious Activist Attacks Curve Finance, Steals $570k
Recent news has reported another theft incident in the digital currency sector; it occurred in an exchange liquidity pool, Curve Finance. The attackers accomplished their objective by hijacking the DNS of the exchange liquidity pool. These bad actors used a program that created access to the protocol’s home page. Once the malicious contract was deployed […]
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Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance (defi) platform Curve saw roughly $570 million siphoned from the application on August 9. Binance Boss Says Exchange Froze 83% of the Curve Finance Hack Funds, Domain Provider Says Exploit Was DNS Cache Poisoning Four days ago, the crypto community was made aware that the Curve Finance front end was exploited. Curve fixed the situation but $570 million was removed from the defi protocol. The attackers, however, decided to send....
Curve Finance community members are already voting to terminate CRV releases from all UST liquidity pools. Curve Finance, an innovative crypto project, announced on Thursday morning that it would end all connections with the UST stablecoin. The platform took to Twitter, announcing how it’d be terminating its deal with the recently-crashed stablecoin, UST. This move […]
Reports indicate that the decentralized finance (defi) protocol Curve was hacked for $570,000 in ethereum after people noticed that Curve’s front end was exploited. The attackers then tried to launder the funds via the crypto exchange Fixedfloat, and the trading platform’s team managed to freeze $200K worth of the stolen funds. Curve Finance Exploited for $570K — Fixedfloat Exchange Freezes More Than $200K, Domain Service Blamed Another defi hack was discovered on August 9, when the Paradigm researcher Samczsun tweeted that Curve Finance’s frontend was....
The price of Curve Finance’s governance token CRV spiked by more than 100 percent as the decentralized exchange (DEX) experienced a massive surge in trade volume. Earnings Curve Finance processed about $2.8 billion worth of trades on Monday, almost 450 percent higher than its previous record high in September 2020. The jump in its trade […]
Curve Finance’s governance token CRV (not to be confused with CURV – recently acquired by Paypal) token has shot up to $2.46 on March 2nd from its monthly low of $1.80. Even with this recent jump, there is much evidence pointing to CurveDAO still having room to increase. First, what is Curve? Curve describes itself as a place to “exchange stablecoins (DAI to USDC for example) through it with low fees and low slippage.” But […]