Attention crypto enthusiasts! đš
Convergence, a decentralized finance protocol, suffered a hack on August 1. A hacker exploited a smart contract, minting and selling CVG tokens for $210,000 and stealing $2,000 in unclaimed staking rewards.
- The attack occurred at 3:00 am UTC.
- The hacker exchanged the tokens for 60 wrapped Ether and 15,900 Curve.fi FRAX.
- The CVG token price fell almost 100%, now at $0.0004.
Convergence recommends withdrawing funds while they fix the contract. What do you think of this event? Leave us your comments!