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Arbitrum

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 <h2 id="hackers-exploit-vyper-vulnerabilities">Hackers Exploit Vyper Vulnerabilities</h2> 
 <p>The exploit targeted versions 0.2.15 to 0.3.0 of the Vyper compiler. According to Vyper contributor @fubuloubu, this sophisticated attack likely took weeks, if not months, to prepare. The hackers meticulously trawled through Vyper’s past releases, pinpointing specific vulnerabilities to exploit – an uncommon tactic hinting at the high level of expertise and resources behind the operation.</p>  
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 <p>The impacted pools include <a rel="noopener noreferrer nofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a>/eth, aleth/eth, mseth/eth, and peth/eth. The tri-crypto pool on Arbitrum might also be affected. While auditors and Vyper developers have not identified a profitable exploit in this pool, users are advised to exit as a precaution.</p> 
 <p>Vyper’s code base, being smaller and less frequently updated than most, has generally been perceived as more secure and easier to audit. However, this incident highlights the challenges even in scrutinized and relatively stable compilers.</p> 
 <p>The attack underscores a wider issue in the crypto community – the lack of incentivization for uncovering bugs in past software releases. Addressing this requires a collective effort to solve what @fubuloubu refers to as “public goods issues”.</p>  
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 <h2 id="curve-finance-tvl-and-token-price-down">Curve Finance TVL And Token Price Down</h2> 
 <p>The <a rel="noopener noreferrer nofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a> token is also down by more than 12% in 24 hours and is trading at $0.64. Its market cap is also down by 12% in a day, at the time of writing this article.&nbsp;According to DeFiLlama statistics, the total value of assets held on the decentralized finance protocol <a rel="noopener noreferrer nofollow" title="Curve Finance" href="https://thebittimes.com/tag/curve-finance.html">Curve Finance</a> (<a rel="noopener noreferrer nofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a>) decreased by almost 50% in the past day to $1.731 billion from $3.26 billion reported on July 30.</p> 
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 <p>The exodus can be ascribed to a protocol exploit, which exacerbated community members’ worries about liquidation and bad debt and caused them to withdraw their money from the cryptocurrency project right once.</p> 
 <p>Also Read: Top Whales Accumulating Stablecoins, Is A Major Correction In Bitcoin Price Ahead?</p> 
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Curve Finance Hackers Exploit Vyper Vulnerabilities - Could State-Sponsored Hackers Be Involved?

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TheBitTimes

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