Curve Finance’s exploit leads to a $1m reward block!

The post Curve Finance’s exploit leads to a $1m reward block! appeared first on Coinpedia Fintech News

Curve Finance, one of the largest decentralized finance (DeFi) platforms, has suffered an exploit that resulted in a $1 million reward block. The exploit, believed to be an arbitrage attack, allowed the attacker to manipulate the Maximal Extractable Value (MEV) of the platform, causing a spike in gas fees and resulting in the $1 million reward. Curve Finance has acknowledged the incident and has assured users that their funds are safe. The platform is working on implementing measures to prevent similar exploits from happening in the future.