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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.