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Curve Finance suffers attack - developers quickly close security gap

 


In this regard, Curve had emphasized on Twitter that the company's trading platform - which operates independently of the website - was not affected by the attack, as different DNS providers are used for it.


Just under an hour after the vulnerability became known, it was closed again by the Curve development team. Nevertheless, users who processed smart contracts on the platform during the attack window are now asked to undo them “immediately”.  

As Curve explains, the DNS provider Iwantmyname was probably hacked, which is why the crypto project has now changed its name server.


A name server is a type of directory that converts domain names into IP addresses. 


While the attack was still in full swing, Twitter user LefterisJP speculated that the attacker might be using DNS spoofing to create the vulnerability:

The DeFi community was quick to warn other users of the danger on Twitter, with some posts claiming that the hacker stole more than $573,000.

In July, the crypto experts still looked very positively at Curve Finance, so the analysts from Delphi Digital had identified the platform as one of the possible winners of the crisis on the crypto market, among other things because of its high interest income for crypto savers.

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