Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, has been the victim of an exploit according to a tweet from the project. Upwards of $100 million worth of cryptocurrency are at risk due to a "re-entrancy" bug in Vyper, a programming language used to power parts of the Curve system. Several stablecoin pools on the platform -- used for pricing and liquidity on a number of different DeFi services -- have been drained by hackers so far.
Curve Finance Exploit Puts $100M+ Worth of Crypto at Risk; CRV Token Tumbles
Coin Desk - 30 Jul 2023 22:25
Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, has been the victim of an exploit according to a tweet from the project. Upwards of $100 million worth of cryptocurrency are at risk due to a "re-entrancy" bug in Vyper, a programming language used to power parts of the Curve system. Several stablecoin pools on the platform -- used for pricing and liquidity on a number of different DeFi services -- have been drained by hackers so far.
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