Curve Finance Exploiter Returns A Portion Of Stolen Funds: 'I'm Smarter Than All of You'
Portfolio Pulse from Murtuza Merchant
Curve Finance (CRYPTO: CRV) has announced a reward of $1.85 million for information leading to the legal conviction of the individual or group behind the recent exploit of their system. A software glitch on July 30 caused the DeFi protocol to lose over $70 million in assorted digital currencies. The culprits exploited weak versions of the Vyper programming language, launching re-entrancy attacks on specific Curve liquidity pools. As of Monday, approximately 73% of the stolen funds, equivalent to around $52.3 million, have been returned. Curve's governance token has seen a decline of over 6% in the past week, currently trading at $0.61.
August 07, 2023 | 12:43 pm
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Curve Finance's governance token, CRV, has seen a decline of over 6% in the past week, currently trading at $0.61. This is likely due to the recent exploit of their system and the subsequent loss of over $70 million in assorted digital currencies.
The recent exploit of Curve Finance's system and the loss of over $70 million in digital currencies has likely shaken investor confidence, leading to a decline in the value of the CRV token. Although a significant portion of the stolen funds has been returned, the impact on the token's value is still evident.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100