MetronomeDAO

Several Liquidity Pools Exploited for Nearly $60 Million

July 30, 2023
Attack Types: 
Smart Contract Exploit ,Reentrancy Attack
Entity Types: 
DeFi ,Exchange
Target Entities: 
CurveFi ,MetronomeDAO ,JPEGd ,Alchemix

Summary: # On July 30, a hackers drained approximately $60 million from liquidity pools that decentralized exchanges uses to offer exchange of tokens. Affected protocols include CurveFi, MetronomeDAO, JPEGd and Alchemix. Curve, as biggest funds lost from the breach, ranks among the most esteemed and reliable DEXes and relies on automated market makers in much the same way as Uniswap. Though it is still functioning, Curve has seen an exodus of funds since the hack. ...