• CRV’s price increased by 7% in the last 24 hours after Curve’s exploiter returned some of the stolen funds.
• However, on the daily chart, accumulation pressure remained low. 

The price of Curve Finance [CRV] soared by over 7% in the last 24 hours following the news that the exploiter who stole over $24 million from the protocol has returned the funds.

Is your portfolio green? Check out the CRV Profit Calculator

According to data from CoinMarketCap, the altcoin exchanged hands at $0.6065 at press time and ranked as the third asset with the most gains during the period under review. 

Hacker swallows the “chill pill”

On July 30, Curve Finance experienced a drain in some of its liquidity pools due to a Vyper-based smart contract bug. This resulted in a cascading effect on the entire DeFi ecosystem as liquidity providers scampered to remove their funds from DeFi protocol.

Moreover, there was a general drop in total value locked (TVL) across the crypto vertical.

As the price of CRV fell in the days following the hack, concerns grew that Michael Egorov’s collateral would fall below the liquidation threshold, leading to contagion. However, in the past few days, the founder has been able to

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Author: Abiodun Oladokun

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