The MakerDAO co-founder thinks the Curve Finance exploit will be the last event before the bull run.
Rune Christensen, co-founder of MakerDAO, states that the Curve Finance exploit over the weekend has caused widespread concerns in the world of decentralized finance and it may seem like a “done” moment. But he also thinks that this event could be the last crash before the bull market and then everything could bounce back much stronger.
Curve Finance exploit could be the last hack before the bull
Curve Finance suffered an exploit due to a bug in smart contracts using versions of the Vyper scripting language, and attackers took advantage of $24 million worth of liquidity pools. This event has caused some leaders in the DeFi community and crypto world to worry and have led them to discuss its long-term implications.
In a response to Christensen’s comments, Nostra founder David Garai notes that this event could also be a key moment for lending protocols to begin proactively monitoring on-chain liquidity. This can help detect and prevent similar exploits in the future.
Although the world of DeFi is a rapidly growing and evolving field, security and risks are also a major concern. Such exploits are issues that need to be carefully addressed as the industry evolves and matures, and the community is constantly taking measures for a more secure and reliable decentralized finance ecosystem.
