Curve Finance fixes site exploits and asks users to revoke recent contracts: Finance Redefined

Majority of DeFi tokens in the top 100 are trading green with the rest of the market following the new data release from DeFi IPC and several tokens posted double-digit gains.

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) news – a newsletter designed to bring you significant developments over the past week.

Last week, cross-bridge protocols became the focus of DeFi discussions as a new report showed RenBridge was used to launder $540 million in stolen funds. Curve Finance, on the other hand, resolved its site exploit and asked users to revoke all recent contracts.

Interlay, a London-based blockchain company, has launched a Bitcoin (BTC)-based cross-chain bridge on Polkadot named interBTC (iBTC), DeFi platform Oasis.app says sanctioned addresses will no longer be able to access the app.

The majority of the top 100 DeFi tokens saw a further surge in bullish momentum along with the rest of the market, with several of the tokens seeing double-digit gains on the weekly charts.

Curve Finance fixes site exploits and asks users to revoke any recent contracts

On August 9, automated market maker Curve Finance took to Twitter to warn users of an exploit on its site. The team behind the protocol noted that the issue, which appeared to be a malicious actor attack, affected the service's name server and interface.

Curve said via Twitter that its exchange - which is a separate product - did not appear to be affected by the attack, as it uses a different domain name system (DNS) provider.

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Inter-chain bridge RenBridge laundered $540 million in hacked proceeds: Elliptic

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