2 / 3 Relevant items tagged with #CurveFinance

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Fraud Lawsuit Against Michael Egorov, the CEO of DeFi Giant Curve, Is Quashed in California

[Sep 7, 2023 12:13 PM] A judge ruled a California courtroom is the wrong venue since Egorov wasn’t living in the state when the alleged misdeeds took place.

Defi Sector Navigates an Extended Crypto Winter: TVL Dips to February 2021 Levels

[Sep 2, 2023 1:30 PM] The realm of decentralized finance (defi) is grappling with the aftermath of the sweeping crypto market slump that marked the close of August. As it stands, the total value locked (TVL) in defi, pegged at $37.59 billion, has plummeted to a low last…

Curve Finance to reimburse users, another DeFi hack, and ConsenSys launches L2: Finance Redefined

[Aug 19, 2023 1:25 AM] The DeFi ecosystem had another exploit of over $2 million on a stablecoin liquidity pool this past week, just weeks after the Curve Finance exploit.

DeFi tries to recover from Curve hack, but exploits continue: Finance Redefined

[Aug 12, 2023 1:20 AM] Binance jumped in with a $5 million Curve token investment to help with efforts to minimize the risk of contagion.

Curve Finance Resurgence: 70% Of Stolen Funds Recovered, Redemption On The Horizon

[Aug 11, 2023 2:00 PM] Curve Finance (CRV), a leading decentralized finance (DeFi) protocol, announced significant progress in its recovery efforts following a recent hack that resulted in losing $73.5 million across several projects within its factory pools.  The attack…

Aave DAO opens voting on proposals to reduce CRV exposure

[Aug 10, 2023 1:45 PM] Aave tokenholders are voting on three proposals that could reshape the protocol’s exposure to the Curve DAO token.

Crypto News Today: PayPal's Stablecoin Debut, Worldcoin's Kenyan Hurdles, and More

[Aug 7, 2023 1:25 PM] From PayPal's entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy.

Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume

[Aug 7, 2023 8:00 AM] In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its…

Curve Finance Announces $1.85 Million Bounty For Stable Pool Exploiter

[Aug 7, 2023 6:00 AM] Curve Finance, a popular decentralized (DeFi) protocol, has recently announced that it was rewarding persons capable of identifying the exploiters behind the draining of over $61 million from the platform’s stable pools on July 30.  The huge bounty…

Curve Finance opens bounty after exploiter's return deadline expires

[Aug 6, 2023 3:21 PM] Curve Finance is extending a $1.85 million bug bounty offer to anyone who can identify the exploiter of its stable pools.

JPEG'd confirms return of 5,495 ETH from Curve hacker

[Aug 4, 2023 8:06 PM] The hacker drained a number of pools on Curve Finance, stealing roughly $70 million, but has gradually started returning funds to various projects.

Curve Finance Exploiter Returns 61,000 ETH After Protocol’s Stern Warning

[Aug 4, 2023 4:00 PM] In a surprising turn of events, the hacker known as the “Alchemix/Curve Finance Exploiter” has returned a total of 4,819.55 alteth and 6106 Ethereum (ETH) to Alchemix Finance, as reported by the journalist Colin Wu.   The hacker, who…

Curve-Vyper exploit: The whole story so far

[Aug 4, 2023 2:30 PM] 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.

CRV exposure risk throws a curveball at the DeFi ecosystem: Finance Redefined

[Aug 4, 2023 2:25 PM] Most DeFi tokens traded in the red on weekly charts due to the chaos caused by the Curve Finance exploit.

Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines

[Aug 4, 2023 1:00 PM] In the wake of July’s unprecedented wave of decentralized finance (defi) breaches, including Curve Finance’s staggering $62 million exploit, the defi economy has plummeted into a gloomy state. Hovering perilously close to dipping…

Looter Behind $61M Curve Hack Starts Returning Assets, Raising Hope for Recovery

[Aug 4, 2023 8:31 AM] The exploited protocols offered a 10% bounty Thursday for returning the rest of the assets until the end f this week.

Curve Finance Fights Back With Warning And Unrefusable Offer To Hacker

[Aug 3, 2023 7:00 PM] Curve Finance (CRV) has issued a statement on Etherscan, addressing the hackers responsible for the recent exploit that resulted in the loss of over $60 million from the protocol.  In the statement, Curve, Metronome & Alchemix have invited the…

Curve, Metronome and Alchemix offering 10% bug bounty on Vyper hack

[Aug 3, 2023 3:35 PM] The exploit on July 30 resulted in the theft of roughly $70 million in cryptocurrencies, bringing the bounty close to $7 million.

Curve Founder Still Owes $80M Despite Raising Nearly $30M in Past Two Days

[Aug 3, 2023 1:57 PM] Michael Egorov is under liquidation pressure following the CRV’s recent price drop and Curve exploit.

Curve Offers Hackers 10% Bounty in Exchange for Return of Crypto

[Aug 3, 2023 1:45 PM] "We will pursue you from all angles with the full extent of the law," said Curve, Metronome and Alchemix.

Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance

[Aug 3, 2023 1:07 PM] Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.

Curve's crvUSD depegs as market reacts to shock events

[Aug 3, 2023 11:30 AM] The decentralized stablecoin is facing its first stress test since it was released in May, putting its PegKeeper algorithm to work.

Aave Chan founder proposes buying $2M CRV from Curve founder

[Aug 3, 2023 7:12 AM] The proposal drew mixed reactions from the community where some criticized the strategy for buying more CRV even as others are looking to shed exposure.

Huobi’s Jun Du acquires 10 million CRV tokens to support Curve

[Aug 3, 2023 6:30 AM] Du said the existing challenges were transitory and that he believes the industry would benefit from collective support.

Curve emergency DAO terminates rewards for hack-related pools

[Aug 2, 2023 3:19 PM] The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto and multiBTC pools.

Abracadabra Protocol To Counter CRV Risk With 200% Interest Rate Hike

[Aug 2, 2023 12:00 PM] DeFi lending protocol, Abracadabra Money, is currently debating a proposal to boost the interest rate in its CRV lending markets as it looks to mitigate its exposure to the DeFi token.  In the last few days, CRV  has seen its value decline…

DeFi Protocol Abracadabra Wants to Charge 200% Interest on Curve Founder’s $18M Loan

[Aug 2, 2023 7:04 AM] All proceeds from such a strategy will be kept in Abracadabra’s treasury and be used to reduce the DAO risk associated with the liquidity conditions associated with CRV.

Curve founder looks to unexpected counterparties to rescue sinking DeFi loans

[Aug 1, 2023 10:35 PM] Michael Egorov is attempting to pay off his mountain of DeFi debts by selling CRV at a discount.

Michael Egorov’s $100 Million Position, A Risk To Curve Finance And DeFi?

[Aug 1, 2023 4:30 PM] Following the recent exploit of Curve Finance pools, there have been genuine concerns about the stability of the decentralized exchange and the Decentralized Finance (DeFi) ecosystem. A new report has emerged, raising questions about Curve founder…

Curve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loans

[Aug 1, 2023 2:09 PM] A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains.