coindesk.com
South Korea’s Upbit has temporarily suspended the trading of Curve Finance’s $CRV token after the project was the victim of a significant exploit over the weekend.
“Today, certain vulnerabilities have been discovered in some of the stablecoin pools associated with Curve ($CRV). As a result, $CRV is currently experiencing significant volatility. We advise exercising caution when considering any investments related to $CRV,” reads the announcement. “To ensure the safety of digital asset transactions, we have temporarily suspended deposits and withdrawals for $CRV.”
Curve has suffered a potential loss of over $100 million due to a 're-entrancy' bug exploit in the Vyper programming language used in its tech stack, affecting several stablecoin pools.
The $CRV token, a governance token for Curve Finance's DAO, is down 12.36% at 6 cents on-day, according to CoinDesk data.
Aside from Upbit, other exchanges haven’t taken any action. Huobi said that it's “monitoring the situation closely” in a recent tweet.