Curve Finance, a DeFi protocol & exchange liquidity pool built on Ethereum for efficient stablecoin trading, has just been exploited in an ongoing attack.
As of the time of publishing this article, more than half a million dollars in DAI & USDC has already been taken by the attacker/group.
Curve Finance took to Twitter today to explain that their front end is what is compromised & for users to not try to engage with the app until further notice.
According to on-chain metrics, the attacker/group stole nearly $550,000 & has since swapped all stablecoins for ETH & is now sending an array of 45 ETH at a time to multiple addresses, likely to try to hide the stolen funds.
Follow @ThriveDeFi for more updates.