Has The Curve Finance Exploit Put Aave And DeFi At Risk?
Curve Finance suffered a significant exploit over the weekend, with attackers managing to siphon off around $70 million worth of assets from users. Curve founder Michael Egorov has a loan of around $70 million in USDT on Aave v2, using CRV as collateral.
Timeline of Aave, Curve-dao-token
Justin Sun Takes Out 52.5 Million Stablecoins from Aave - Coincu
Key Points: Justin Sun has made a strategic decision to withdraw approximately 52.5 million stablecoins from the decentralized lending platform, AAVE. The sizable withdrawal consists of approximately 40.7 million USDT and 11.7 million USDC, stirring curiosity and speculation in the crypto community.
Ethereum DeFi Coins Plunge As Curve Concerns Threaten Major Market Crash - NewsBTC
The Ethereum DeFi space is currently experiencing a rough few hours. All major DeFi coins are posting deep red numbers in the last 24 hours: Compound (-18%), Aave (-10%), Curve (-10%), Frax (-6%), and Synthetix (-6%).
Upbit Suspends CRV Transactions Following Curve Finance Exploit - Crypto Daily
Upbit, the largest cryptocurrency exchange in South Korea, has temporarily suspended CRV withdrawals and deposits after Curve fell victim to a significant exploit. Other exchanges have been keeping track of the situation but have not initiated any action as of now.
Curve Founder's $100M CRV Loan Faces Liquidation in Potential DeFi Black Swan - BeInCrypto
Concern is mounting over a large loan that the Curve Finance founder took out with his stash of the protocol's native token. As the price of CRV continues to fall, a large liquidation looms.
Curve's CRV Token Hits 8-Month Lows as Open Interest Jumps to $100M - Coindesk
Traders pile into short positions in the perpetual futures market as potential liquidation of founder's crypto borrowing may destabilise the broader decentralized finance ecosystem.
First Mover Asia: BTC, ETH Stable While COMP and AAVE in the Red - Coindesk
Curve Founder Michael Egorov's $168M in holdings is under stress, imperiling DeFi as a whole. PLUS: The Litecoin Foundation and crypto cold-storage card manufacturer Ballet HAVE teased a sale of 500 collectable cards – fashioned from 50 grams of fine silver.
A Curve Founder's $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole - Coindesk
Curve CEO Michael Egorov pledged 34% of CRV's total market cap to back loans across DeFi protocols. A forced liquidation would result in selling at a time when prices are already falling.
Curve Finance confirms the affected pools in the platform's exploit - Cryptopolitan
Curve Finance, a popular decentralized exchange (DEX), recently faced a significant security breach that affected multiple Ethereum pools and an Arbitrum-based liquidity pool. The incident occurred over the weekend, leading to the theft of millions of dollars.
Is It A Good Idea To Buy Curve Now? Here's What This Founder Thinks - NewsBTC
In the wake of a massive exploit, the price of the Curve (CRV) token has declined drastically, recording double-digit losses in the last day. This has led to what some would call an opportunity to buy cheap coins and Matrixport and Bitdeer founder Jihan Wu is one of the believers.
Crypto Exchange Upbit Suspends CRV Transactions As $100M At Risk In Curve Finance Hack - Benzinga
In response to a significant security exploit, South Korean cryptocurrency exchange Upbit has temporarily halted deposits and withdrawals for Curve (CRYPTO: CRV), the native token of stablecoin-focused decentralized exchange Curve Finance. Upbit advised its users to exercise caution when considering any investments related to the token.