Arbitrum

Optimism

Coin

<ul class="news-points"> 
 <li>A report by JPMorgan found that Optimism and Arbitrum avoided the impact of the recent attack on Curve Finance.&nbsp;</li> 
 <li>JPMorgan analysts stated that the decentralized finance space started shrinking following the hack.</li> 
 <li>&nbsp;The Tron ecosystem is reportedly performing well in the aftermath of the Curve exploit.&nbsp;</li> 
</ul> 
A recent report by JPMorgan stated that the impact of the recent attack on <a href="https://coinedition.com/curve-finance-hacks-update-and-current-high-debt-situation/" rel="noopener noreferrer nofollow">DeFi protocol Curve Finance </a>was under control and that the threat to the decentralized finance space had been contained. However, the DeFi space is reportedly shrinking, other than exceptions like Tron, Arbitrum, and Optimism, which were found to be performing well in the aftermath of the exploits.&nbsp; 
A team of analysts at JPMorgan led by Managing Director Nikolaos Panigirtzoglou stated in a report that the contagion triggered by Curve Finance’s exploits had been contained. However, outstanding loans totaling over $80 million owed by Curve founder Michael Egorov posed a threat to the broader DeFi space, which resulted in the DeFi market’s shrinkage following the hack.&nbsp; 
To date, Michael Egorov has raised nearly $30 million by mass selling Curve DAO Tokens (CRV) in an effort to defend the… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/arbitrum-optimism-and-tron-manage-to-avoid-curve-exploit-contagion/">Arbitrum, Optimism And Tron Manage To Avoid Curve Exploit Contagion</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Arbitrum, Optimism And Tron Manage To Avoid Curve Exploit Contagion

Coin Edition

Alte articole publicate pe 5 aug. 2023

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