Curve Finance to reimburse users, another DeFi hack, and ConsenSys launches L2: Finance Redefined
The DeFi ecosystem had another exploit of over $2 million on a stablecoin liquidity pool this past week, just weeks after the Curve Finance exploit.
The DeFi ecosystem had another exploit of over $2 million on a stablecoin liquidity pool this past week, just weeks after the Curve Finance exploit.
Binance jumped in with a $5 million Curve token investment to help with efforts to minimize the risk of contagion.
Aave tokenholders are voting on three proposals that could reshape the protocol’s exposure to the Curve DAO token.
Curve Finance is extending a $1.85 million bug bounty offer to anyone who can identify the exploiter of its stable pools.
The hacker drained a number of pools on Curve Finance, stealing roughly $70 million, but has gradually started returning funds to various projects.
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, with some criticizing the strategy for buying more CRV even as others are looking to shed exposure.