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Decentralized exchange Curve Finance has teamed up with Metronome and Alchemix to offer a 10% bug bounty to the attackers behind the recent exploit that saw more than $50 million…
Curve Finance pools were targeted by hackers in a reentrancy attack on July 30, sending shockwaves across the DeFi ecosystem. Cointelegraph compiled the week's events.
Most DeFi tokens traded in the red on weekly charts due to the chaos caused by the Curve Finance exploit.
The exploit on July 30 resulted in the theft of roughly $70 million in cryptocurrencies, bringing the bounty close to $7 million.
The decentralized stablecoin is facing its first stress test since it was released in May, putting its PegKeeper algorithm to work.
The proposal drew mixed reactions from the community where some criticized the strategy for buying more CRV even as others are looking to shed exposure.
The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto, and multiBTC pools.
Michael Egorov is attempting to pay off his mountain of DeFi debts by selling CRV at a discount.
A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains.
Justin Sun, the founder of the Tron blockchain, has purchased five million Curve tokens (CRV) from an address labeled “Curve.fi Founder” in an attempt to help with the decentralized exchange…