Crypto Token of Key DeFi Exchange Curve Finance Sinks After Exploit
- Software language vulnerability led to the hacking incident
- Estimates of losses range from $20 million to $40 million
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The native token of one of crypto’s top decentralized exchanges tumbled after the platform said it had been “exploited” as a result of a vulnerability in a programming language.
Curve Finance, like other decentralized finance projects in crypto, relies on different kinds of software built on top of blockchain technology. A glitch in a particular version of Vyper — a programming language similar to Python and widely used in DeFi applications — led to the exploit, Curve tweeted Sunday.