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The Curve Reentrancy Exploit Stole $73.5 Million in Ethereum Cryptocurrency!

August 7, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Crypto Dwell Information

Writer: Mustafa Mulla Aug 7, 2023 13:26

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

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Roughly $73.5 million price of cryptocurrencies have been stolen in a current exploit on Ethereum’s Curve protocol. Nonetheless, excellent news has emerged as 73% of the stolen funds, price round $52.3 million, have been returned. Nonetheless, the primary Curve CRV-ETH exploiter, with the deal with 0xb752…b324, is presently holding the remaining $19.7 million that has but to be recovered. The exploit, often known as the reentrancy assault, allowed the hacker to repeatedly withdraw funds from the protocol, resulting in vital losses for affected customers. It stays to be seen whether or not efforts to get well the remaining stolen funds will likely be profitable.

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Tags: CryptocurrencycurveEthereumexploitMillionreentrancyStole
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