Curve Finance Suffered Attack and Currently Lost over $52M

Curve Finance Suffered Attack and Currently Lost over $52M
Source: cryptopolitan

On social media platforms, Curve Finance stated that due to malfunctioning reentrancy lock, several stablecoin pools (alETH/msETH/pETH) that use Vyper 0.2.15 were targeted in the attack. The team is assessing the situation and will provide updates to the community as the situation unfolds. The crvUSD contract and other funds pools are not affected.

Previously, the Ethereum programming language Vyper released a statement, revealing that recursive locks in versions 0.2.15, 0.2.16, and 0.3.0 are faulty, and an investigation is currently underway.

According to PeckShield's monitoring, as of now, the Curve Finance stablecoin pool attack has resulted in a cumulative loss of 52 million USD for Alchemix, JPEG'd, MetronomeDAO, deBridge, Ellipsis, and the CRV/ETH pool.

As a result of the attack, $CRV has experienced a 12% decrease in value in the past 24 hours.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Security Incidents

DeFi

Curve

In This Article

Related News
Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51
Radiant Capital hacker moves $52M in stolen funds Radiant Capital hacker moves $52M in stolen funds
Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham
Cardano shifts to decentralized governance as Chang hard fork goes live Cardano shifts to decentralized governance as Chang hard fork goes live
Ton developers adopt ‘Resistance Dog’ memecoin avatar to support Pavel Durov; token jumps 140% Ton developers adopt ‘Resistance Dog’ memecoin avatar to support Pavel Durov; token jumps 140%
Latest News More More
18 Hours Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
18 Hours Ago Fetch.ai launches $10M accelerator for AI agent startups
1 Day Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
1 Day Ago Polkadot-based Phala Network launches Ethereum Layer 2 rollup
2 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open