Curve founder faces liquidation risk due to $70 million borrowing position on Aave and the drop in CRV price.
2023-07-31 00:51:29
Odaily news. The downward trend in CRV prices due to the attack may force the founder of Curve to liquidate their $70 million loan position on Aave (CoinDesk).
According to previous reports, the alETH/ETH, msETH/ETH, pETH/ETH, and CRV/ETH pools on Curve were attacked due to a recursive lock vulnerability in certain versions of Vyper (0.2.15, 0.2.16, and 0.3.0).
According to DefiLlama data, the total value locked (TVL) in Curve Finance has dropped from $3.266 billion on July 30th to the current $1.869 billion, with a 24-hour decrease of 42.78%. CRV is currently trading at $0.6260 USDT, with a 24-hour decrease of 14.89% according to the OKX market.
According to previous reports, the alETH/ETH, msETH/ETH, pETH/ETH, and CRV/ETH pools on Curve were attacked due to a recursive lock vulnerability in certain versions of Vyper (0.2.15, 0.2.16, and 0.3.0).
According to DefiLlama data, the total value locked (TVL) in Curve Finance has dropped from $3.266 billion on July 30th to the current $1.869 billion, with a 24-hour decrease of 42.78%. CRV is currently trading at $0.6260 USDT, with a 24-hour decrease of 14.89% according to the OKX market.
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