Share this article
DeFi Protocol Curve.Finance Gets Hacked and $570K Is Stolen
The source of the hack has been “found and reverted,” according to the protocol.
Updated May 11, 2023, 5:40 p.m. Published Aug 9, 2022, 9:39 p.m.
Hackers plundered approximately $570,000 from decentralized finance (DeFi) protocol Curve.Finance, according to a screenshot of the protocol’s wallet shared on Twitter late Tuesday.
Shortly after that announcement, the protocol’s operators said via Telegram that they found the source of the problem and fixed it. “If you have approved any contracts on Curve in the past few hours, please revoke immediately,” they said. The protocol also advised users to use curve.exchange until the propagation of curve.fi reverts to normal.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Curve.Finance is an integral part of the DeFi ecosystem due to its CRV token rewards emissions, which serve as a source of income for several other protocols.
The suspected hacker appears to have changed the domain name system (DNS) entry for the protocol, forwarding users to a fake clone and approving a malicious contract. The program’s contract remained uncompromised, however.
In response to the hack, the protocol advised users in a Telegram message to refrain from using curve.fi or curve.exchange until the protocol’s operators locate the source of the exploit.
“We are becoming aware of a potential front end issue that is approving a bad contract,” the Telegram announcement read. “For now, please do not perform any approvals or swaps. We’re trying to locate the issue, but for now, for your safety, do not use curve.fi or curve.exchange.”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
