Curve Finance totals record losses- Assessing potential of its growth

As far as DEXes go in the crypto market, Curve Finance is usually spotted among the top-performing exchanges. However, since the past month or so the DEX has been massively underwhelming.

Timeline of Curve-dao-token

Curve Finance plunged further in July due to a drop in the demand for cryptocurrencies by individual whales and institutional investors.  The post Curve Finance Volume Plunges More Than $4B to Hit 2022 Low appeared first on BeInCrypto.

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 has announced that it has seized assets worth around $450,000 that is linked to the Curve Finance exploit that occurred a few days prior. This is the second large-scale seizure of funds linked to the exploit, with Fixed Float seizing around $200,000 worth of assets that the hackers deposited.

Curve Finance [CRV], the on-chain liquidity exchange, was attacked in what was termed a “DNS cache poisoning” on 9 August. This exploit capitulated CRV as the price plunged from $1.48 on 8 August to $1.25 on the event day.

The majority of the stolen Curve money was frozen and recovered by Binance, founder Changpeng Zhao confirmed in a tweet on August 12. The post Binance Recovers Around $450k From Stolen $570K Curve Finance Exploit appeared first on BeInCrypto.

Binance recovers almost all of the stolen funds from Curve Finance, which is around $450,000 worth of the stolen assets. That would mean that Binance has recovered and frozen a whopping 80% of the money.

Changpeng Zhao, Binance CEO, claimed that his team had recovered a significant amount of the money taken by Curve's front-end exploit on Tuesday. Zhao provided a status report on Twitter and revealed that the centralized exchange has frozen $450,000 in stolen assets that the Curve hacker had transferred into the exchange.

Binance CEO Changpeng Zhao tweeted on August 12 that the exchange has identified and frozen 83% of the funds stolen from Curve Finance after the hacker attempted to launder it through Binance. The post Binance recovers $450K stolen from Curve DNS Hack appeared first on CryptoSlate.

Changpeng Zhao, the CEO of the Binance crypto exchange, said his team seized funds stolen during the recent Curve's front-end exploit. The post Binance seizes $450,000 stolen in Curve's front-end hack appeared first on The Block.

Recent news has reported another theft incident in the digital currency sector; it occurred in an exchange liquidity pool, Curve Finance. The attackers accomplished their objective by hijacking the DNS of the exchange liquidity pool.