- At the time of writing, it is trading at $4.
- The price on all other exchanges is hovering around $0.64.
- The difference has also been noticed on the Upbit platform. The company has temporarily suspended deposits and withdrawals of the CRV token.
After the hack of decentralized exchange Curve Finance, the price of the CRV token rose sharply when paired with the Korean won on the Bithumb platform.
The CRV/KRW pairing has separated from CRV/USD, which is traded on international exchanges. At the time of writing, a CRV price of about $4 on Bithumb corresponds to a premium of about 500%, according to Trading View:
On the Upbit exchange, the CRV price is about $0.81, representing a difference of more than 55%. However, after the hack, the platform suspended deposits and withdrawals of CRVs “to ensure the security of digital asset transactions”. Upbit also advised caution when considering any investments related to CRV.
On other exchanges, CRV is trading at $0.63, according to Coinmarketcap:
Curve Finance was hacked on Sunday, July 31st. An attacker exploited a “re-entry” vulnerability to gain access to a smart contract. Curve Finance pools that use Viper versions 0.2.15, 0.2.16 and 0.3.0 are under attack. As of this writing, the hacker has recovered $5.4 million.
Be interesting