DeFi Lenders Seek to Minimize Contagion From Curve Finance Hack

Crypto lending platforms are seeking to minimize the fallout from the recent hack of the decentralized finance exchange Curve Finance.

The weekend breach led to a decline in the value and liquidity of the CRV token, the governance cryptocurrency of the exchange. The price decline also jeopardized tens of million of dollars in loans that Curve Finance founder Michael Egorov had taken out with CRV serving as collateral with lenders including Aave, Fraxland and Abracadabra.

On Aave, the crypto risk modeling firm Gauntlet has proposed that the decentralized autonomous organization that governs the project freeze the CRV lending market on ...