Upbit Suspends CRV Deposits and Withdrawals Due to Curve Finance Exploit!

The post Upbit Suspends CRV Deposits and Withdrawals Due to Curve Finance Exploit! appeared first on Coinpedia Fintech News

Upbit, a South Korean cryptocurrency exchange, has temporarily suspended the deposit and withdrawal of CRV, the governance token of decentralized finance protocol Curve Finance. This decision was made by the exchange following the recent exploit of the Curve Finance protocol, which led to a loss of $7 million worth of cryptocurrency. Upbit will continue to monitor the situation and provide updates on when deposits and withdrawals of CRV will resume. The exploit has once again raised concerns about the security of DeFi protocols and the need for more stringent security measures in the sector.