Curve Finance (CRV) to Reimburse Users; Recovers 70% of Stolen Funds

Curve Finance said it had recovered 70% of the $62 million stolen from its liquidity pools in a July 30 reentrancy hack. The decentralized finance (DeFi) protocol promised to reimburse users impacted by the incident.

Timeline of Curve-dao-token

Binance Labs, the venture capital and incubation division of Binance, has plunged $5 million into the Curve DAO Token (CRV), cementing its stance in the DeFi realm. Support From Industry Bigwigs The $5 million investment from Binance Labs in the CRV token is part of a strategic deal under which Curve will explore deployment to the BNB Chain.

The injection of $5 million from Binance Labs transcends a simple financial transaction; it represents a collaborative effort focused on strengthening Curve's security infrastructure and aiding the protocol in recovering its stability.

Curve Finance's stETH pool dwindles as liquidity drains, raising queries about Ethereum's staking dynamics. Amidst outflows, the platform navigates challenges while ETH flow remains steady.

Binance Labs, the investment and incubation subsidiary of Binance (CRYPTO: BNB), has announced a $5 million investment in Curve DAO Token (CRYPTO: CRV), the utility token that powers the Curve ecosystem. Curve has a total value locked (TVL) of approximately $2.4 billion and a daily trading volume of $215 million.

Curve DAO token (CRV) will deploy on BNB Chain as part of the deal with Binance Labs, the company's incubation and venture capital arm. The $5 million investment follows brief concerns about the DeFi stableswap exchange after exploiters drained over $70 million from CRV and ETH pools.

In a tumultuous week for the Ethereum blockchain, a remarkable spike in illicit flows emerged, coinciding with a major exploit involving Curve Finance, a prominent decentralized finance (DeFi) protocol. This incident marked Ethereum's most significant period of illicit activity for the year.

Here's a funny statistic: According to Rekt's global exploit loss leaderboard, even before a coalition of whitehats and security experts managed to claw back the majority of stolen funds, the Curve hack just barely cracked the top 30 all-time.

Curve, a leading decentralized exchange on Ethereum, was hacked for $70 million in July. Questions continue to linger around the platform's long-term viability and potential contagion risk.

Decentralized Finance (DeFi) stablecoin lending platform Curve Finance has shown evidence it is no longer deterred by the Vyper attacks it suffered a few weeks back. According to an update shared through its official X account, Curve Finance is now canvassing for community votes for its next venture, the stableswap pool.

Bond traders are eyeing a return to a type of trade that left them battered earlier this year - betting on yield curves returning to a more normal shape as slowing economies force central banks to cut interest rates.