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.
On Sunday, initial estimates of losses resulting from the hack ranged from $20 million to more than $40 million. The sharp decline is a result of both the hack as ...
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