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The whole story so far By Cointelegraph - Modern Digital India
Tuesday, May 26, 2026
International Investments

The whole story so far By Cointelegraph

By Isabella Margaret
The whole story so far By Cointelegraph
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The decentralized finance (DeFi) ecosystem has experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks.

This attack exposed vulnerabilities across DeFi projects and sparked efforts to recover stolen funds over the past few days.

The hack: Curve Finance pools are exploited for over $61 million due to reentrancy vulnerability

Curve’s Michael Egorov confirmed the theft of 32 million Curve DAO tokens on July 30. Source: Telegram/LobsterDAO

The impact: Vyper vulnerability exposes DeFi ecosystem to stress tests; CRV price plummets

Curve’s CEO scurries to pay collateralized loans

CEX price feed prevents Curve price from collapsing

DeFi community: Ethical hacker retrieves $5.4M for Curve Finance amid exploit

The return of funds: Curve, Metronome and Alchemix offering 10% bug bounty; hacker takes it

Message sent by the exploiter to the protocols on Aug. 4. Source: Etherscan