CrossCurve Suffers $3 Million Loss in Security Breach

CrossCurve, a protocol associated with the founder of Curve Finance, has experienced a significant security breach. According to NS3.AI, the attacker exploited a vulnerability in the smart contract of its cross-chain bridge, circumventing validator processes to unlawfully unlock tokens. This breach has resulted in an estimated loss of $3 million. In response to the incident, CrossCurve has suspended user interactions and is currently investigating the breach to understand the extent of the damage and prevent future occurrences.