Curve Finance suffered a DNS attack, enabling hackers to hijack their domain and redirect users, resulting in approximately 302 million USD in losses due to various exploits within the industry. Egorov pointed out that for-hire hackers are increasingly coordinating attacks across multiple platforms.
The incidents highlight the broader security concerns in the cryptocurrency sector, as vulnerabilities in smart contracts have led to significant financial damage. The need for stronger security measures is critical since blockchain transactions are irreversible, with attacks having immediate and lasting effects.
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