Coin

<ul class="news-points"> 
 <li>Binance commented on the bug that caused CRV price to diverge across platforms.</li> 
 <li>The exchange users remain unaffected by the bug.</li> 
 <li>A crypto influencer revealed CRV traded $0.086 on DEXs and $0.6 on CEXs.</li> 
</ul> 
<a href="https://coinedition.com/tag/changpeng-zhao/" rel="noopener noreferrer nofollow">Changpeng Zhao, the CEO of Binance</a>, recently took to Twitter to comment on a bug that caused the price of CRV, the native token of the Curve protocol, to diverge significantly between decentralized and centralized exchanges (DEXs and CEXs). 
With a touch of humor, Zhao tweeted, “CEX price feed saves DeFi,” in response to the incident where the price difference of CRV on CEXs and DEXs was nearly 700% apart. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 CEX price feed saves DeFi. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f602.png" alt="😂" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f937-200d-2642-fe0f.png" alt="🤷‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"> Binance users are not affected. Our team checked on the Vyper Reentrant Vulnerability. We only use version 0.3.7 or above. It's important to stay up-to-date with code libraries, apps and OS. And stay <a href="https://twitter.com/hashtag/SAFU?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SAFU</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64f.png" alt="🙏" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/0GFv86KP9R" target="_blank" rel="noopener noreferrer nofollow">https://t.co/0GFv86KP9R</a>— CZ 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;"> Binance (@cz_binance) <a href="https://twitter.com/cz_binance/status/1685909293256646658?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 31, 2023</a> 
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The CEO assured that Binance users were unaffected by the bug. He revealed that the Binance team inspected the <a href="https://coinedition.com/curve-finance-losses-47-million-in-hack-crv-declines-by-13/" rel="noopener noreferrer nofollow">Vyper Reentrant Vulnerability</a> and that the exchange only employs version 0.3.7 or higher. Zhao further stressed the importance of staying up-to-date w… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/binance-ceo-reacts-to-crv-697-price-difference-on-dexs-and-cexs/">Binance CEO Reacts to CRV 697% Price Difference on DEXs and CEXs</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Binance CEO Reacts to CRV 697% Price Difference on DEXs and CEXs

Coin Edition

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