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DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve

The exploiter created 58 million of the protocol's CVG token and then swapped for roughly $200,000 worth of wrapped ETH and crvFRAX and forwarded to Tornado Cash.

Updated Aug 1, 2024, 6:55 p.m. Published Aug 1, 2024, 6:55 p.m.
(Unsplash)
(Unsplash)