Curve Finance Exploit Puts $168M Lending Position Held by Founder at Greater Risk of Liquidation
Curve Finance's token (CRV) has fallen over 20% in the past three days, after the stablecoin exchange at the heart of DeFi on Ethereum fell victim to an exploit. BlockSec co-founder Yajin "Andy" Zhou breaks down the details what happened as Tron founder Justin Sun and others step in to help.
Crisis at DeFi Giant Curve Eases After Justin Sun and Others Step In With Help
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 Founder Deploys New Liquidity Pool to Address FRAX Debt Situation
Analysts said it is an attempt to incentivize liquidity to FraxLend's pool from where Egorov has taken a loan of 15.8 million FRAX.
Is Sam Bankman-Fried Tied to a New Apparent Crypto Scam Called BALD?
On-chain data shows bald's deployer contract has interacted with Alameda-linked wallets and was an active DeFi participant in the early days.
Nomura Backs $6M Round for On-Chain Fund Platform Solv Protocol
The Singapore-based startup allows institutions and venture capitalists to create, use and sell financial products.
Curve Founder’s $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole
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.
After the Curve Attack: What's Next for DeFi?
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.
Curve Finance Exploit Puts More Than $100M Worth of Crypto at Risk
Upwards of $100 million worth of cryptocurrency is at risk due to a “re-entrancy” bug in Vyper, a programming language used to power parts of the Curve system. "The Hash" weighs in on the state of smart contracts and risk management in decentralized finance (DeFi).
DYdX Proposal to Slash Token Issuance Wins Early Support
In theory, this could boost the price of DYDX, based on the basics of supply and demand.
Coinbase’s New Base Blockchain Gobbled Up $68M in Ether, and It’s Not Even Officially Live Yet
Meme coin BALD’s 4,000,000% surge seemed to spark the huge inflows to the nascent crypto bridge.
