Curve Finance, one of the largest stablecoin credit platforms, was hit by hackers who have compromised his X account this week. The hackers have uploaded fake announcements from CRV -token -Airdrops to give users to fraud. Michael Egorov Michael Egorov With the curve finance all noted that the social media account was hacked alone.
Hackers promote fake Airdrops via official account
In the post that has since been deleted, the cornering users were asked to register before a Sunday snapshot in order to be considered for an alleged token-airdrop. Although the hackers belonged to a link to the official curve site, Egorov warned the followers before clicking on all links published from the account until his team took control. Crypto Community member Credibull Crypto has pledged these warning messages and warned the users not to provide any personal data.
Confirmed: Curve X account chopped. No other account seems to be hacked – control over X account was only taken over by someone
– Michael Egorov (@Newmichwill) May 5, 2025
The social media website X calls for disclosure declarations for advertising material, but fraudsters insist on the organization of popular crypto brands and numbers. A similar case occurred last month when the Chief Technology Officer from Ripple, David Schwartz, reported suspicious activities on John Deaton’s account.
CRV -token -Prize after security violation
However, the hack had an influence on the CRV price, which lost 5% 24 hours according to the news. However, the volume department has come to a very good time, with the daily trading volume rose by 35% to $ 124 million.
A market analyst recently predicts that CRV can achieve 3 US dollars on bullish technical signs. This even follows when large quantities of the curve founder’s own tokens were sold by him. Egorov has sold over 3 million CRV token worth 1.60 million US dollars since March 24. He then sold almost 2 million CRV on March 26.
Curve financing: user numbers and trading volume at all -time high
Despite the security error of social media security, Curve Finance recorded significant growth in 2025. In the first quarter, the commercial volumes platform worth 35 billion US dollars, which corresponds to an increase of 13% compared to the first quarter of last year.
Defilama statistics show that the platform transactions rose from around 1.8 million to 5.5 million in the first quarter of the year. This triple -fling indicates that more users fall back on cornerary financing for their crypto trade and their lending.
Platform jumps back from the attack of last year
The current situation is a strong contrast compared to 2023 when corner financing suffered a much more serious hack that influenced the actual platform. This incident dramatically lowered prices.
According to sources that are familiar with the matter, the hack was only included in the X account without the technical infrastructure or the platform’s user funds.
Selected picture of Unsplash, Diagram from Tradingview
Editorial process Because Bitcoinist focuses on delivering thoroughly researched, accurate and impartial content. We comply with strict procurement standards and each page is diligently checked by our team of top technology experts and experienced editors. This process ensures the integrity, relevance and the value of our content for our readers.