DeFi Platform Conic Finance’s CNC Token Surges 50% as the Protocol Plots Comeback After Hack
Conic Finance was hacked in July draining roughly $3.6 million worth of ether from the protocol.
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Curve Finance
Conic Finance was hacked in July draining roughly $3.6 million worth of ether from the protocol.
A judge ruled a California courtroom is the wrong venue since Egorov wasn’t living in the state when the alleged misdeeds took place.
From PayPal’s entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy.
The exploited protocols offered a 10% bounty Thursday for returning the rest of the assets until the end f this week.
“We will pursue you from all angles with the full extent of the law,” said Curve, Metronome and Alchemix.
Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.
On July 30, over 6,000 ETH ($11M worth) in so-called Maximal Extractable Value rewards were paid out to Ethereum validators, the most ever for a single day.