Curve Finance pools were targeted by hackers in a reentrancy attack on July 30, sending shockwaves across the DeFi ecosystem. Cointelegraph compiled the week’s events.
The decentralized finance (DeFi) ecosystem has experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks.
This attack exposed vulnerabilities across DeFi projects and sparked efforts to recover stolen funds over the past few days.
As the community navigates the aftermath of this exploit, Cointelegraph compiled the week’s events, presenting a timeline of what happened since the hack on July 30.
The hack: Curve Finance pools are exploited for over $61 million due to reentrancy vulnerability
Several stable pools on Curve Finance using the Vyper programming language were exploited on July 30, with losses reaching over $61 million (total losses were initially estimated at $47 million). The vulnerability was found on Vyper’s versions 0.2.15, 0.2.16 and 0.3.0.
Several DeFi projects were affected by the attack. Decentralized exchange (DEX) Ellipsis reported that a small number of stable pools with BNB (
