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CVG

DeFi Protocol Convergence Loses $210K in Hack, CVG Token Value Collapses

By Raymond Munene8/2/2024

Highlights: A Convergence protocol exploit allowed a hacker to mint 58 million CVG tokens worth $210,000. The attacker sold tokens for wrapped ether and crvFRAX, leading to a 99% CVG value drop. An oversight in Convergence’s codebase removed a crucial […]