Ethereum logs $1M MEV block reward amid Curve Finance exploit
The highest recently generated block reward was 584 ETH, created by a MEV bot front-running transactions during the DeFi chaos. Go to Source Powered by WPeMatico
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Curve Finance pools exploited in over $24M due to reentrancy vulnerability
Several stable pools on Curve Finance using Vyper were exploited on July 30. Go to Source Powered by WPeMatico
Curve omnipool platform Conic Finance hacked for $3.2 million in ETH
According to initial analysis by Peckshield, the root cause for Conic Finance’s hack was the new CurveLPOracleV2 contract. Go to Source Powered by WPeMatico
Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD
The stablecoin pool ideally has a weightage of 33.3% of each USDT, USDC and DAI, however, on June 15, the USDT weightage rose above 70% in the pool. Go to Source Powered by WPeMatico
$22M of Curve Finance algo stablecoin minted since mainnet launch
Decentralized finance protocol CurveDAO has successfully launched its algorithmic stablecoin crvUSD on the Ethereum network. Go to Source Powered by WPeMatico
Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model. Go to Source Powered by WPeMatico
Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’
Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin. The company’s blog post specifically mentions switching the stablecoin asset tether over to usd coin, and the firm is offering “zero … Read more
Binance CEO Says Exchange Recovered $450 Million From the Curve Finance Attack
Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance (defi) platform Curve saw roughly $570 million siphoned from the application on August 9. Binance Boss Says Exchange Froze 83% of the Curve Finance Hack Funds, Domain Provider Says Exploit Was DNS … Read more
Binance recovers the majority of funds stolen from Curve Finance
Binance recovered and froze around $450,000 worth of the stolen assets, which is around 80 percent of the stolen funds. Go to Source Powered by WPeMatico
Curve Finance exploit: Experts dissect what went wrong
Attackers that hijacked Curve Finance’s landing page moved quickly to convert stolen funds to various tokens through different exchanges, wallets and mixers. Go to Source Powered by WPeMatico
