Over $70M Stolen From Multiple DeFi Protocols Due To Vyper Code Bug

Hacker Used Re-entrancy Attacks To Drain Assets From Curve Pools

• 2023-07-31
• Vyper smart contract DeFi

Curve Finance Exploit Puts $100M+ Worth of Crypto at Risk; CRV Token Tumbles

Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, has been the victim of an exploit according to a tweet from the project. Upwards of $100 million worth of cryptocurrency are at risk due to a “re-entrancy” bug in Vyper, a programming language used to power parts of the Curve system. Several stablecoin pools on the platform — used for pricing and liquidity on a number of different DeFi services — have been drained by hackers so far.

• 2023-07-31
• Vyper decentralized finance