Curve Finance Drained of $50M While CRV Token Sinks 12% in Latest DeFi Exploit

Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, has been the victim of an exploit with more than $100 million worth of cryptocurrency at risk due to a “re-entrancy” bug in Vyper, a programming language used to power parts of the Curve system.