🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
Curve incident report: 4 pools caused a total of about $61.7 million in losses, the next step will be to stop the Gauge discharge to the affected pools
PANews reported on August 1 that Curve Finance officially reposted the post-event analysis of the exploit of the Curve pool reentry vulnerability released by the encryption risk assessment group LlamaRisk. The LlamaRisk report stated that a bug in an older version of the Vyper compiler caused a security feature used by a limited set of Curve pools to malfunction, allowing attackers to drain tokens from the affected pools as a result. While Curve is attempting to contact the exploiters and recover user funds, the exploitation of the bug directly harms the Curve liquidity providers of these affected pools. Thanks to the white hat hacker, the DAO has recovered some of the tokens in the affected pool. The Curve eDAO cannot suspend the Curve pool or process user funds in any way, but it can stop the discharge of the CRV Gauge (a term for Curve, meaning savings pool) to the Curve pool, and it is expected that the eDAO will eliminate the discharge of the gauge from all affected pools.
The affected pools and the amount of losses caused by this incident are: 1. pETH/ETH: 6106.65 WETH (about 11 million US dollars); 2, msETH/ETH: 866.55 WETH (about 1.6 million US dollars) and 959.71 WETH msETH (about $1.8 million); 3. alETH/ETH: 7258.70 WETH (about $13.6 million) and 4821.55alETH (about $9 million); 4. CRV/ETH: 7193,401.77 CRV (about 5.1 million USD), 7680.49 WETH (approximately 14.2 million USD) and 2879.65 ETH (approximately 5.4 million USD). In total, the aforementioned pools lost about $61.7 million.
The report also stated that the next immediate steps are to stop gauge discharge to the affected pools and create new normal pools for alETH, msETH, and pETH. New ETH pools should be paired with ETH or ETH pool implementations. CRV already has a new Tricrypto pool paired with crvUSD and ETH that is not affected by the reentrancy bug. The Curve team will continue to explore all avenues to recover user funds and will update the situation on social channels.