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The decentralized finance (DeFi) ecosystem has experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks.
This attack exposed vulnerabilities across DeFi projects and sparked efforts to recover stolen funds over the past few days.
The hack: Curve Finance pools are exploited for over $61 million due to reentrancy vulnerability
The impact: Vyper vulnerability exposes DeFi ecosystem to stress tests; CRV price plummets
Curve’s CEO scurries to pay collateralized loans
CEX price feed prevents Curve price from collapsing
DeFi community: Ethical hacker retrieves $5.4M for Curve Finance amid exploit
The return of funds: Curve, Metronome and Alchemix offering 10% bug bounty; hacker takes it
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