The decentralized finance (DeFi) ecosystem has experienced a animated week after a seismic security incident ended in over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks.
This assault exposed vulnerabilities at some stage in DeFi initiatives and sparked efforts to enhance stolen funds over the final few days.
The hack: Curve Finance pools are exploited for over $61 million as a result of reentrancy vulnerability
The impression: Vyper vulnerability exposes DeFi ecosystem to stress tests; CRV mark plummets
Curve’s CEO scurries to pay collateralized loans
CEX mark feed prevents Curve mark from collapsing
DeFi neighborhood: Moral hacker retrieves $5.4M for Curve Finance amid exploit
The return of funds: Curve, Metronome and Alchemix providing 10% worm bounty; hacker takes it
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