Arbitrum (ARB) price has consolidated within the $1.18 – $1.20 territory over the past week. But Curve Finance now warns of a potential exploit on Arbitrum’s tricrypto liquidity pool. How will ARB investors react? 

On July 30, popular DeFi lending platform Curve Finance suffered a $50 million hack after a malicious actor executed a reentrancy attack on a number of liquidity pools. 

After investigations, the Curve Finance team has warned of a potential exploit on Arbitrum’s tricrypto liquidity pool. While developers have not yet identified a profitable exploit on this Arbitrum LP, Curve’s team advised users to withdraw funds to avoid possible losses.

On-chain data analysis examines the early reactions of Arbitrum investors to this warning and the potential price impact. 

Long-Term Investors Are Still Holding Firm Despite Curve Finance Warning 

According to on-chain data from Santiment, Arbitrum long-term investors are not yet showing any signs of panic. The chart below shows that the ARB Mean Coin Age has continued to trend upwards since Monday, July 31.

Remarkably, between July 16 and July 31, ARB Mean Coin Age increased by 28% from 166.82 to 213.62.

Go to Source to See Full Article
Author: Ibrahim Ajibade

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details