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Curve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loans
1.8.2023
A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains
DeFi Died and We Didn’t Even Notice
1.8.2023
The behavior of Curve founder Michael Egorov is warning to all, and proof that DeFi isn’t really that different from traditional finance
Spooked by Curve Liquidation Threat, DeFi Protocols Shore Up Defenses
1.8.2023
They're responding to the potential systemic risk posed by Michael Egorov's teetering financial position
Today in Crypto: FTX Proposes Possible Restart of FTX.com for 'Dotcom Customers', US IRS Says Income From Staking Crypto Must be Reported, Justin Sun Announces Tron-Curve Partnership and Buys $3M Worth of CRV for $2M
1.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: FTX Proposes Possible Restart of FTX.com for 'Dotcom Customers', US IRS Says Income From Staking Crypto...
Tron Founder Justin Sun Alleviates Curve Finance’s Looming Bad Debt Situation
1.8.2023
Sun said a liquidity pool that utilizes tether stablecoins issued on the Tron network would “amplify user benefits,” pointing to saving a potentially bad loan
Curve Finance founder's $100M debt could trigger a DeFi implosion: Report
1.8.2023
Curve Finance founder Michael Egorov has a total of $100 million in debt backed by over 400 million CRV tokens
Curve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation
1.8.2023
Egorov has created a new liquidity pool on Curve for FraxLend's CRV/FRAX market, called crvUSD/fFRAX. Analysts said it is an attempt to incentivise liquidity to FraxLend's pool from where Erogov has taken loan of 15.8 million FRAX
Traders Pile Into CRV Shorts Amid Concerns Over Curve Founder's Collateralized Borrowing
1.8.2023
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
1.8.2023
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
Bitcoin Lingers Near $29.2K, as Investors Mull Latest Industry Woes; CRV Sinks 12.5%
1.8.2023
Curve Founder’s $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole
31.7.2023
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 Vulnerability Exposes $100M+ Worth of Crypto; CRV Token Plummets
31.7.2023
A vulnerability in the popular decentralized finance (DeFi) protocol Curve Finance has caused funds to be drained from a number of the protocol’s liquidity pools, while roughly $100 million remains at risk.
In a tweet from Sunday, the Curve team said that “a number” of its pools that uses version...
Curve Debacle Triggers Transaction Frenzy, Sending Ethereum ‘MEV’ Rewards to Record High
31.7.2023
On July 30, over 6,000 ETH ($11M worth) in so-called Maximal Extractable Value rewards were paid out to Ethereum validators, the most ever for a single day
After the Curve Attack: What's Next for DeFi?
31.7.2023
The $70 million weekend exploit of major platforms, including Curve, come at a time when developers are discussing changes to the prevailing AMM liquidity model
White Hat Hacker Recovers $5.4 Million For DeFi Platform Curve Finance Amid Recent Exploit
31.7.2023
An ethical hacker has recovered 2,879 ETH worth around $5.4 million for the decentralized finance (DeFi) protocol Curve Finance amid its recent hack losing over $47 million.
On July 30, the same day of the hack, it was reported that an ethical hacker seized some assets by front-running...
Crypto Hacks and Exploits Cost Traders $303M in July; Worst Month of 2023
31.7.2023
Some $52 million of assets were siphoned from Curve Finance just this weekend
First Mover Americas: Curve Finance Exploit Puts More Than $100M of Crypto at Risk
31.7.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for July 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Alchemix releases an update on Curve Finance pool exploitation
31.7.2023
Alchemix has provided an official update on the Curve Finance situation. The platform recently witnessed a 47 million-dollar exploit. According to reports, the exploit emerged because of a reentrancy vulnerability. It is believed that Vyper 0.2.15, 0.2.16, and 0.3.0 versions are prone...
Curve DAO is Going to Zero After Blockchain Exploit and AI Crypto Analytics Platform yPredict Just Raised $3.2 Million – How Does it Work?
31.7.2023
Markets have been fuelled with anxiety this morning, after a tumultuous cyber exploit on the weekend which saw multiple Curve liquidity pools raided for $47m.
Cyber security experts have now traced the source of the issue back to vulnerabilities in the Vyper (programming language) smart contracts...
Cex price feed prevents Curve price from collapsing amid $100M vulnerability
31.7.2023
A vulnerability in the Vyper programming language widely used by DeFi protocols like Curve Finance led to exploit of multiple Curve liquidity pools on Sunday