Curve DAO faced a significant setback as millions of CRV tokens were pilfered just moments before a white hat rescue operation aimed at securing the funds, as revealed by blockchain data and Curve contributor Banteg.
According to a report, approximately 7 million CRV tokens and $14 million worth of wrapped ether (WETH) were lost during the exploit. The breach occurred within the CRV/ETH pool on Curve Finance, a prominent decentralized exchange (DEX) renowned for its streamlined stablecoin trading capabilities.
The platform features a diverse array of pools that facilitate trading between various tokens, primarily focusing on stablecoins while accommodating other digital assets.
Curve DAO Faces Vulnerability Impacting Multiple Pools
Curve DAO has been struck by a critical vulnerability that has repercussions across various pools, stemming from a bug found in earlier versions of the Vyper programming language.
“crv/eth pool…
