Tag: finance

Coinbase Research Expert Decodes Latest Crypto And Finance Market Trends

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Coinbase’s Head of Research, David Duong, has shared his insights on the recent market movements in traditional finance and crypto.  He believes that current macro conditions suggest a temporary pause in the recent strong USD trend, which should support the crypto market.  Key Crypto & Finance Movements Duong notes that the recent carry trades upset by the Bank of Japan’s decision to raise the hard cap on its 10-year bond yield have created instability across different pockets of the FX market.  Meanwhile, the surprise decision by Brazil’s central bank to…

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

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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 had gained unauthorized access to the protocol, had earlier demanded that the Alchemix Finance team confirm the address to which they wanted the stolen funds returned. Curve Finance Breach Ends On Positive Note Curve Finance has announced the return of stolen funds worth over $60 million, which were taken in a recent…

Curve Finance exploiter returns $12.7 million of stolen funds

Following the recent Curve Finance exploit, the perpetrator has made a surprising move by returning a significant portion of the stolen assets to the protocol. Reports indicate that the exploiter has sent around $12.7 million worth of 4,820 Alchemix Ethereum (alETH) and 2,258 Ethereum (ETH) to the Alchemix Finance platform. Hacker returns $12.7 million worth of alETH The events follow Curve’s request to the hacker on Aug. 3 to return the funds, after which the hacker requested that they confirm the address. The hacker labeled as “Alchemix/CurveFinance Exploiter” returned a…

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

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The $47 million Curve Finance exploit on July 30 had a domino effect on the DeFi ecosystem, mainly due to the $100 million loan taken out by the Curve founder against the platform’s native Curve DAO (CRV) token. Several lending protocols have rushed in with new governance proposals to minimize CRV exposure risks as the token price fluctuates. On Aug. 3, the…

Curve Finance Fights Back With Warning And Unrefusable Offer To Hacker

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 hackers to discuss a potential bounty, offering a 10% reward for any stolen funds, which they can keep if they return the remaining 90%. Curve Finance Gives Hackers Ultimatum The group has emphasized that there will be no risk of them pursuing legal action or involving law enforcement if the hackers…

Justin Sun, other crypto investors buy CRV token in attempt to help Curve Finance

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following a recent exploit on the decentralized exchange, Curve Finance founder Michael Egorov managed to find an answer to his loan dilemma. Thanks to support from a group of backers, including Justin Sun, the principal value of Egorov’s loan on Aave (AAVE) decreased from $63.3 million to $54.1 million. Providing support to the fallen  On July 30, Curve Finance faced a vulnerability linked to the Vyper programming language, resulting in an exploit that led hackers to…

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

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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 Michael Egorov’s $100 million loan positions. These positions have garnered significant interest, as they are backed by about 47% of the entire CRV circulating supply. With the price of CRV dwindling, these debts appear to be at risk of liquidation, putting the Curve protocol, CRV investors, and the overall DeFi space on edge.  A…

Curve Finance (CRV) Liquidation Threat Spooks DeFi Protocols

Another area of focus for teams has been reinforcing the links that lock DeFi protocols together. Last night, a representative for the stablecoin-focused Reserve Protocol, which builds on top of DeFi majors including Lido, Compound and Rocketpool, asked in their respective Discords for help to establish “a more robust incident response strategy” so that its developers can coordinate across teams during crises such as Curve. Source

DeFi Platform Term Finance Brings Fixed Rate Lending to Ethereum

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Curve Finance founder’s $100M debt could trigger a DeFi implosion: Report

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While Curve Finance is still weathering the aftermath of a recent $47-million hack, another issue concerning holders of the decentralized finance (DeFi) protocol’s token has surfaced on the internet, sparking theories on how a massive dump can potentially happen.  On Aug. 1, crypto research firm Delphi Digital published a Twitter thread detailing the loans taken by Curve Finance founder Michael Egorov that are backed by 47% of the circulating supply of Curve DAO (CRV). According to the research firm, Egorov has around $100 million in loans across various lending protocols…