Curve Finance Hacker Returns $5.4 Million, But CRV Dumps 15%

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The CurveFinance hacker has returned $5.4 million of stolen funds! What happened and what led to $CRV dumping 15%? Read more here -

Curve has beenrecently, with its Conic Finance omnipool getting exploited for $3.6 million in Ethereum last week in a similar reentrancy attack.

Furthermore, Curve Finance’s total value locked has tanked 43% since the exploit, falling from $3.26 billion to $1.87 billion,Curve’s native token, CRV, dumped 18% in the hours following the attack. At the time of writing, CRV was trading at $0.621, having lost 15% over the past 24 hours. The DeFi token has had a rough ride recently, dropping 23% over the past fortnight. As a result, CRV remains down a painful 96% from its August 2020 all-time high of $15.37.in the DeFi ecosystem have been hit hard in this bear market and remain down 80-90% from their peak price levels.

 

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