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Crypto Hit by New Security Woes in Incident at DeFi Protocol (1)

Artem Bogdanov by Artem Bogdanov
August 10, 2022
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Aug. 10, 2022, 12:04 AM

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Cryptocurrency exchange Curve Finance appeared to have been buffeted by a security incident on Tuesday, adding to a litany of recent breaches afflicting the digital-token sector.

Viewed as one of the most important projects in decentralized finance, Curve tweeted that an “issue has been found and reverted” after earlier warning against using its curve.fi website.

The exchange also retweeted a post suggesting attackers spirited away about $500,000 in stolen funds. Curve faulted a compromised nameserver — nameservers direct internet traffic to the right sites — and said an investigation is ongoing.

Tracker DeFi Llama estimates that $6 billion has been …

Olga Kharif

Olga Kharif

Bloomberg News

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