The decentralized finance (DeFi) ecosystem has experienced a aggravating week after a seismic safety incident led to over $61 million being stolen from Curve Finance’s swimming pools, leaving several protocols facing broader contagion dangers.
This attack uncovered vulnerabilities all the way by way of DeFi projects and sparked efforts to earn greater stolen funds over the past few days.
The hack: Curve Finance swimming pools are exploited for over $61 million due to reentrancy vulnerability
The impact: Vyper vulnerability exposes DeFi ecosystem to stress tests; CRV rate plummets
Curve’s CEO scurries to pay collateralized loans
CEX rate feed prevents Curve rate from collapsing
DeFi neighborhood: Ethical hacker retrieves $5.4M for Curve Finance amid exploit
The return of funds: Curve, Metronome and Alchemix offering 10% worm bounty; hacker takes it
Proceed Reading on Coin Telegraph
