Shortly after that announcement, the protocol’s operators said via Telegram that they found the source of the problem and fixed it. “If you have approved any contracts on Curve in the past few hours, please revoke immediately,” they said. The protocol also advised users to use curve.exchange until the propagation of curve.fi reverts to normal.
Curve.Finance is an integral part of the DeFi ecosystem due to its CRV token rewards emissions, which serve as a source of income for several other protocols.
The suspected hacker appears to have changed the domain name system (DNS) entry for the protocol, forwarding users to a fake clone and approving a malicious contract. The program’s contract remained uncompromised, however.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.