The DeFi ecosystem experienced another exploit, this time on a stablecoin liquidity pool, resulting in a loss of over $2 million.
Curve Finance, which was previously hacked for $62 million, has stated its intention to reimburse users affected by the hack and has recovered approximately 79% of the stolen funds.
Zunami Protocol also suffered an attack on its stablecoin pools on Curve Finance, advising users not to buy its stablecoins as it investigates the potential exploit.
ConsenSys has completed the public launch of its zero-knowledge Ethereum Virtual Machine (zkEVM) Linea, bridging over $26 million worth of ETH.
SpiritSwap, a decentralized exchange on Fantom, was saved from shutting down after its treasury funds were stuck on the Multichain protocol. It will now be transferred to Power, another platform on Fantom.
Despite market turmoil, DeFi’s total value locked in protocols reached $49.8 billion, the highest in five months.