Curve has been hacked for more than $40 million

A hacker exploited a re-entry vulnerability in the alETH/msETH/pETH pools, which use the Vyper 0.2.15 programming language, and hacked for more than $24 million.

Also, more than $21 million was stolen from the CRV/ETH pool - 7,680 ETH and 7.2 million CRV. More than $100M in assets are at risk

Also affected  were pools in several protocols that are related to Curve - JPEGd, Metronome, Alchemix, Ellipsis and Debridge. The projects themselves were not compromised - only the pools were affected.

The vulnerability was discovered on 30 July, and the team immediately started to fix the problem, but it was overtaken by hackers.

The value of the CRV platform's native token fell by more than 20 per cent in the immediate aftermath of the incident.

Curve's founder, Mikhail Egorov, has an open credit position in CRV worth more than $70 million. Some community members speculate that further price declines could force him to close his position.