Curve DAO Token

<ul><li>PeckShield&#39;s cautionary signal highlights the dramatic fall of $CRV.</li><li>OTC transactions involving $CRV tokens fuel worries about the stability of the DeFi sector.</li><li>The concentration of $CRV trading on Binance amplifies the impact of its recent challenges.</li></ul>Blockchain security leader <a href="https://cryptotale.org/?s&#61;&#43;PeckShield" rel="noopener noreferrer nofollow">PeckShield</a> has made a striking revelation regarding the CRV cryptocurrency, the governance token of Curve, a prominent decentralized exchange (DEX). The report stated that CRV has plummeted below the $0.4 mark, causing alarm bells within the crypto community.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8f47aede5f3448b48d11893d7b619a18.png" />One of the most concerning aspects of this downturn is the OTC (Over-the-Counter) activity involving CRV. An OTC counterparty with the address 0xb0b8, which had received 2.5 million<a href="https://cryptotale.org/?s&#61;&#43;CRV" rel="noopener noreferrer nofollow"> CRV</a> approximately 43 days ago (with the tokens supposedly locked for six months), has now transferred a substantial portion, 609,000 CRV, to the renowned cryptocurrency exchange Binance. This movement of tokens has raised questions about the intentions behind this transfer and its potential impact on CRV&#39;s market value.Whale analysis, a specialized entity providing detailed technical analysis and crypto insights, echoed the concerns surrounding CRV&#39;s decline. Their tweet on X (Twitter) pointed out that CRV had crashed below the $0.4 mark, further intensifying the unease in the crypto market.Read full article a<a href="https://cryptotale.org/crv-faces-steep-decline-amid-otc-activity-and-hacking-fallout/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

CRV Faces Steep Decline Amid OTC Activity and Hacking Fallout

CryptoTale

Other articles published on Sep 13, 2023

Bitcoin Dropped from $26,500 after Hype Around Franklin Templeton's ETF Cooled Off, On-chain Data...

Crypto Exchange CoinEx Diretas, US$28 Juta Raib

North Korean Lazarus Group is targeting crypto companies with APT attacks

FTX unveils $100m weekly crypto liquidation strategy

IOTA Announces Transition from Coordinator to Validator Committee

Russia considers legalizing DeFi DAOs to bring more liquidity

Join our free newsletter for daily crypto updates!