Illegal problems that started in Curve Finance have engulfed the Ethereum (ETH) network.
The Ethereum network was severely damaged when the popular DeFi protocol Curve Finance was hacked for $73 million. Ethereum’s Proof-of-stake blockchain reveals its worst time of the year for illegal data. Data released by Chainalysis shows that illegal streams have reached 2 percent. This value was recorded as the peak of 2023.
Chainalysis data raises market concern
The analysis firm Chainalysis, which currently states the illegal flow data as 2 percent, has created an atmosphere of fear among investors. Between July 30 and August 5, this value fluctuated between 1.7 percent and 1.82% before returning to normal levels on August 6. However, with Curve Finance triggering illegal problems, the peak of the year in related data came.
Curve Finance, which got into trouble with both liquidity and crypto thieves last week, has done a great deal of damage to the industry, although it has been working to fix the process. The areas most affected by this situation were DeFi platforms and the Ethereum network.
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