Tags: curve finance

Altcoins like CRV thrive when Bitcoin steadies, but with BTC at a pivotal price level, which way will the dominoes fall?

Decentralized finance lending platform Curve Finance is on the rocks this morning as its founder is getting liquidating amid a token price crash.

The lion’s share of the reimbursement was provided by community funds.

Mixin Network has offered a $20 million bug bounty to the exploiter behind a $200 million hack to return the remaining funds.

Egorov paid off Aave debt but still holds considerable debt, around $42.7M, in four DeFi networks.

Curve Finance founder Michael Egorov still has a debt of $42.7 million across four protocols, including Silo, Fraxlend, Inverse and Cream.

Coinbase Receives $1 Million Amid Crypto Hack, Yet Victims Await Compensation – What‘s Going On?

According to an analysis from investment manager firm VanEck, exchange volume across DeFi protocols declined to $52.8 billion in August, 15.5 lower than in July.

The token’s price has since recovered after the counterparty mysteriously moved its tokens back.

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.

Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack.

Binance jumped in with a $5 million Curve token investment to help with efforts to minimize the risk of contagion.

Aave tokenholders are voting on three proposals that could reshape the protocol’s exposure to the Curve DAO token.

Twenty-seven percent of the funds stolen in the July 30 exploit have yet to be returned.

Since the deadline has passed, Curve has extended a 10% bounty for the remaining funds to the public as promised.

Today in Crypto: Kenyan Police Reportedly Raided Worldcoin Warehouse, US FBI Issues Warnings About NFT Scammers, Curve Finance Offers a $1.85 Million Bounty to Identify & Convict the Hacker

Curve Finance is extending a $1.85 million bug bounty offer to anyone who can identify the exploiter of its stable pools.

The hacker drained a number of pools on Curve Finance, stealing roughly $70 million, but has gradually started returning funds to various projects.

The trio has given the hackers until August 6 to return 90% of the funds, or the bounty would be offered to the public and given to anyone who would identify them.