In response to the $10 million in bad debt that arose from soft liquidations after a hacking attempt on June 13, Curve Finance founder Michael Egorov has announced that he has completely repaid the loan. As a result of the event, Egorov went on social media to clarify, saying that
In a development that caught the cryptocurrency community’s attention, Michael Egorov, the founder of Curve Finance, executed a significant transaction by depositing 2.5 million CRV tokens to Binance, one of the leading cryptocurrency exchanges globally. This move has sparked interest among enthusiasts, coinciding with a drop in the CRV token’s
DWF Labs, the global digital asset market maker, has revealed the firm sent a massive amount of the Curve DAO Token (CRV) from the world’s largest crypto exchange, Binance. Following the transactions, CRV has experienced a sudden surge of over 5%. DWF Labs(@DWFLabs) withdrew 2M $CRV($972K) from #Binance 40 mins
TronDAO has partnered with the decentralized exchange Curve Finance. The partnership aims to provide assistance and strengthen the security measures of the Tron Network. Moreover, Tron DAO Venture, the investing arm of Tron DAO, has recently purchased $2 million worth of CRV tokens. And also, Curve will integrate with Tron
After experiencing an assault on its “zStables” pools on Curve Finance, Zunami Protocol has warned users not to purchase any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins. Please do not buy zETH and UZD at the moment, their emission has been attacked. — Zunami Protocol (@ZunamiProtocol) August
Curve Finance, a decentralized finance (DeFi) protocol, has announced that it would pay consumers who were affected by the recent attack that resulted in $62 million in losses. An official Twitter account said that continuing investigations were providing positive results, with almost 79% of the monies recovered so far. The
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, completed its eighth anniversary on July 30. ETH’s journey will undoubtedly remain the focal point of the evolving crypto market. Recently, ETH core developer Eric.eth revealed that some of the largest MEV block rewards in Ethereum history have generated after the Curve
In a devastating blow to the decentralized finance (DeFi) ecosystem, several projects utilizing Vyper— an alternative programming language for Ethereum smart contracts, suffered significant losses, with attackers making off with over $47 million. The incidents occurred on July 30, targeting stable pools on Curve Finance, an automated market maker platform.
The stablecoins code was released into GitHub by its developers. Over-collateralization ensures the new currency will maintain its $1 peg in the market. With the DeFi protocol Curve Finance, a new dollar-pegged stablecoin may soon be available. On Tuesday, the stablecoins code was released into GitHub by its developers. The
Malicious hacks and money laundering in the DeFi space are now in full swing. Curve.Finance, one of the top DeFi protocols, turned out to be the recent victim of nearly a $570k hack. On Friday, Binance CEO Changpeng Zhao revealed that the exchange had frozen or recovered $450,000 of the
