The impacts and lingering effects of the recent Curve Finance hack on the DeFi ecosystem
Blog iconPedro Alves
Sep 20
On July 30th, Curve Finance experienced a security breach due to a flaw in the compiler of Vyper (a programming language used for smart contracts). Essentially, this flaw allowed hackers to repeat certain actions (calls) multiple times. Taking advantage of this, the hacker kept withdrawing as much funds as he could. Curve Finance is a decentralized exchange (DEX) on Ethereum that operates using liquidity pools. Its design is exceptionally efficient for trading stablecoins with minimal risk an...

Pedro Alves

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Pedro Alves

MSc Economics | DeFi Researcher

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Pedro Alves

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