CRV – the native token of the DeFi exchange Curve Finance – has plunged over 12% following the recent exploit on several stable pools of the project. However, the token’s price took a somewhat interesting trajectory on the leading South Korean cryptocurrency exchanges Bithumb and CoinOne, currently trading at a 510% and a 220% premium, respectively.
Separately, Upbit (another major Korean digital asset platform) paused CRV deposits and withdrawals shortly after the latest exploit in the DeFi space.
CRV Shoots to the Opposite Direction
As CryptoPotato reported earlier today, Curve Finance suffered an attack on a number of its stable pools that were using Vyper versions 0.2.15, 0.2.16, and 0.3.0. The entity disclosed that the affected pools included alTH, msETH, and pETH, with the reason being “a malfunctioning reentrancy lock.”
The estimated loss of the attack was initially set at over $40 million, whereas in the following hours, that number might have risen to approximately $70 million.
Expectedly, the USD valuation of Curve DAO (CRV) – the utility token of the DeFi protocol – headed south as a consequence of the event. It currently trades at around $0.64 (per GoinGeko’s data), or 12% less than yesterday’s figure.
While the asset’s price is quite similar on leading crypto exchanges, such as
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Author: Dimitar Dzhondzhorov