Crypto Exchange Curve Sees $1.5 Billion Removed After Hack
- Software language vulnerability led to hacking incidents
- Curve leader borrowed $100 million against project’s token
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Cryptocurrency worth more than $1.5 billion has been removed — some stolen, some moved for safekeeping — from the decentralized exchange Curve Finance since it revealed on Sunday it had been hacked.
Curve was the second-largest decentralized exchange in crypto before it announced the discovery of an vulnerability. The total amount of cryptocurrency on the exchange has since plummeted by nearly 50% to $1.62 billion, according to tracker site DeFiLlama.