Curve founder faces liquidation risk due to $70 million borrowing position on Aave and the drop in CRV price.
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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