South Korea’s Upbit has temporarily suspended the trading of Curve Finance’s CRV token aft the project was the victim of a important exploit implicit the weekend.
“Today, definite vulnerabilities person been discovered successful immoderate of the stablecoin pools associated with Curve (CRV). As a result, CRV is presently experiencing important volatility. We counsel exercising caution erstwhile considering immoderate investments related to CRV,” reads the announcement. “To guarantee the information of integer plus transactions, we person temporarily suspended deposits and withdrawals for CRV.”
Curve has suffered a imaginable nonaccomplishment of implicit $100 cardinal owed to a 're-entrancy' bug exploit successful the Vyper programming connection utilized successful its tech stack, affecting respective stablecoin pools.
The CRV token, a governance token for Curve Finance's DAO, is down 12.36% astatine 6 cents on-day, according to CoinDesk data.
Aside from Upbit, different exchanges haven’t taken immoderate action. Huobi said that it's “monitoring the concern closely” successful a caller tweet.
Edited by Parikshit Mishra.