Major Security Breach in Curio Ecosystem Results in $40 Million Loss

Major Security Breach in Curio Ecosystem Results in $40 Million Loss



The Curio decentralized finance (DeFi) project recently encountered a formidable security breach, culminating in a substantial financial setback quantified at $16 million by Cyvers Alerts, a reputable entity in cybersecurity analysis. This incident underscores a critical vulnerability in the project's permissioned access protocols, enabling an unauthorized actor to fabricate 1 billion CGT tokens. Consequently, this malefactor commandeered CGT tokens approximating a staggering value of $40 million.



This revelation from Cyvers Alerts succeeded an advisory issued by Curio, alerting its community to a smart contract compromise. The experts at Cyvers Alerts pinpointed a MakerDAO-based smart contract, operative within Curio's ecosystem on the Ethereum blockchain, as the exploit's locus. The official statement from the Curio team


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#CGTToken, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Cybersecurity, #DeFiSecurity, #News, #Regulations

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