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.

 

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Source

Security Incidents

DeFi

Curve

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