CRV is currently facing a series of challenges, one of which is that the founder has been selling tokens at low prices to repay huge loans, but there are still a large number of outstanding loans and interest as high as 85% that is imminent, causing the market to worry about continued selling at a low price. However, the problems of the CRV incident are not limited to this, but also include the following aspects:
Compiler version problem: One of the root causes of the CRV incident was that the Vyper compiler version did not correctly implement the reentry lock, which led to attacks on the smart contract and caused losses.
Pool withdrawal issue: Another important issue is that the withdrawn pool will not re-enter in the short term, which may lead to insufficient liquidity and affect market stability.
Loss and liability issues: Of the $70 million loss involved in the CRV incident, nearly $20 million was kept by white hats and MEV robots, and they have partially returned it. However, the project owner cannot take responsibility for the remaining $50 million, and currently the project owner seems to be trying to shift the blame to Ethereum officials, which has caused controversy.
CRV token outlook: Considering the impact of the incident and the market's expectations for CRV, the stabilization of CRV may not happen immediately in the short term. Even if the problem is solved, CRV tokens may not rise sharply in the short term, and their value space is relatively small, so it is necessary to carefully assess risks and benefits.