Curve Finance's Proactive Approach Post-Hack
Curve Finance mitigates a $73.5M hack through community-led efforts, enhancing user trust while highlighting security needs.

Curve Finance mitigates a $73.5M hack through community-led efforts, enhancing user trust while highlighting security needs.
KyberSwap's unfortunate fall to a $50 million DeFi hack underscores the persistent challenges faced by decentralized platforms in safeguarding user assets. The aftermath sees users scrambling to secure their holdings, and the protocol grappling with a significant reduction in Total Value Locked. The hacker's bold message adds a layer of uncertainty, signaling potential negotiations in the aftermath of the exploit.
Decentralised exchange KyberSwap disclosed an address (0xc9b...) suspected of accessing assets worth up to approximately $47 million from the DEX.
The breach has since been resolved, and Bitfinex assures customers that no funds were lost.
According to Peckshield, the breach has incurred a financial loss of approximately $2 million.
The breach saw hackers exploiting a flaw in Exactly's smart contracts.
The community criticized the airdrop announced by the AllianceBlock team.
The hacker exploited a vulnerability in the IAVL TREE to forge a malicious withdrawal message.