RE: RE: Curve - The Second Largest DeFi Platform - Hacked for $69 Million
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RE: Curve - The Second Largest DeFi Platform - Hacked for $69 Million

dalz(81)
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Its bad to be honest. On top of the technical issue that doesn't seem as big ... somewhere around 50M, that is small for a protocol with over 5B in liquidity but the biggest issue is reputation, lost of trust etc ... I for example will be very nervous to pool on curve now, ergo more liquidity will go away ... and on top of all of this we have our friend Justin Sun now entering the game, buying CRV at discount from the founder, who turns out to made a complete degen move taking out a 100M loan on AAVE with CRV as colateral .... I mean, cool play the borrow game, but 100M? Its to much.... basically to big of a leverage in a extremely risky environment.