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DeFi shake-up: Lido cuts staff, Curve rethinks L2s

Despite a DeFi resurgence, Lido announced a 15% cut of contributors, while a Curve governance proposal suggests cutting Layer Two development.

Curve Finance warns users after website and X account hacks

Curve Finance has warned users to avoid its curve.fi website due to a DNS hijacking attack, which redirects users to a wallet drainer.

Over $20M worth of CRV-collateralised positions were liquidated as the price of the Curve Finance’s governance token dropped over 30%.

Attack transactions show the UwU hacker used ‘flash loans’ which can be used to manipulate asset prices on DeFi apps.

Egorov came close to liquidation on his highly leveraged CRV positions, which total over $150M, with CRV dipping below $0.38 on Saturday.