Researchers say that an abuse of $ 24 million in Curve Finance reduces confidence in Defi.

The defi sector was subjected to many hacking last year. However, the most important thing by users was Curve Finance.

Hack in Curve Finance shook the trust of the community

Curve Finance’s abuse of $ 24 million liquidity pools seriously shook the confidence in the defi ecosystem. Researchers say that institutions’ courage to invest capital in Defi can be broken and any protocol compiled with Vyper is at risk.

This abuse that occurs at the weekend took place as a result of a mistake in the smart contracts of the Curve Finance protocol using the Vyper coding language. The attackers stole 24 million dollars by re -emptying the Vyper contracts due to a vulnerability of the entrance re -entry.

As a result of this incident, Curve Dao Token experienced a decrease of over 12 percent and it was pointed out that the confidence in Defi was weakened. One of the researchers stated that if a protocol running smoothly suffered such abuse, other blue chip defi protocols may also lead us to question the safety.

The importance of the attack was not limited to only millions of dollars of damage, but also drew attention to taking advantage of an unexpected vulnerability in the Vyper code. This clear, malicious people to conduct long -term research and abuse the protocol to find an unexpected problem for a large protocol.