Curve DAO token lost 17% of its value under a massive attack. A series of exploits targeting DeFi projects in Curve Finance, leaving the platform in a vulnerable position with $100 million worth of cryptocurrency at risk.
Curve, one of the most popular decentralized finance (DeFi) protocol, announced a series of CRV pools got exploited due to a smart contract vulnerability called “reentrancy.”
The attack targeted factory pool, a model that allows projects or individuals to launch their own liquidity pool through Curve’s infrastructure.
“A number of stablepools (alETH/msETH/pETH) using Vyper 0.2.15 have been exploited as a result of a malfunctioning reentrancy lock. We are dealing with the situation and will update the community as things develop,” according to Curve Finance’s announcement.
Curve’s DeFi Projects Exploited
The incident was initiated on Sunday evening with a Curve’s liquidity pool (pETH-ETH) reportedly under…
