Curve
Ava Labs President: Curve Finance Exploit 'Highlights the Need for Better Security Audits' in DeFi
Ava Labs president John Wu reflects on Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, becoming the latest victim of an exploit. Wu notes it's another unfortunate setback for the space and highlights the need for better security audits in the space. "Hopefully, one day, maybe even artificial intelligence can be used to more efficiently review their contracts and make it more secure," Wu added.
USDT Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop
Millions worth of tether (USDT) stablecoins appeared to be selling off on popular Uniswap and Curve pools Thursday morning, sparking early signs of concern among traders. USDT, which usually trades around $1, lost its peg to the U.S. currency and dropped as low as $0.9968. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
