Curve Finance: Investigation into sDOLA LlamaLend attack initiated; attacker profits are limited

Odaily Planet Daily reports that Curve Finance announced on X platform that it has initiated an investigation into the sDOLA LlamaLend attack, which is suspected to have caused a loss of approximately $240,000. Preliminary findings suggest that the attack was related to the price oracle mechanism used by sDOLA (possibly influenced by a “donation attack”) and the number of sDOLA tokens not used as collateral in the market. Although the attacker’s profit was relatively limited, the incident highlights the need for stricter handling when using vault collateral assets in LlamaLend. The main impact was on users who borrowed against sDOLA collateral, who were liquidated; lenders who provided funds were not affected. The Curve team is further investigating whether other similar markets might be at risk in the future and is working to ensure that LlamaLend V2 remains secure even when facing vault collateral assets vulnerable to donation attacks, across different market sizes. They are currently evaluating detailed solutions and plan to integrate relevant mechanisms into all future markets that use vault collateral.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Lido's LDO Token Surges 30% in Monthly Rally as DAO Approves $20M Buyback Program

Lido's governance token LDO has gained 30% in 30 days, driven by a $20 million buyback program, while major DeFi competitors declined. Despite the rally, LDO remains down 94% from its peak.

GateNews1h ago

Sky Deploys USDS and sUSDS Natively on Avalanche via Skylink Bridge

Sky, the decentralized finance protocol formerly known as MakerDAO, launched its stablecoin USDS and yield-bearing sUSDS on Avalanche via Skylink, a unique crosschain bridge. The bridge began with a 5 million daily transfer cap, expected to increase by April 27.

GateNews2h ago

World Liberty Financial Proposes Restructured Vesting for 62.28B WLFI Tokens With Up to 4.52B Burn

World Liberty Financial proposed a governance restructuring affecting 62.28 billion WLFI tokens, including a potential burn of up to 4.52 billion tokens for eligible holders. The plan aims to align governance participation over two years, amid concerns about token unlocks and governance transparency.

GateNews3h ago

South Korea Launches Blockchain Deposit Token Pilot for Government Payments Starting Q4 2026

South Korea's Ministry of Economy and Finance has approved a pilot project for blockchain-based deposit tokens to replace traditional government purchase cards, aiming to prevent misuse of funds and cut costs. The initiative aligns with the country’s digital currency strategy.

GateNews5h ago

Sahara AI Launches Investment Agent Sorin Supporting Crypto, Stocks, and Prediction Markets

Sahara AI has launched Sorin, an investment agent for trading across various assets like cryptocurrencies and stocks. It offers autonomous trading, quantitative strategy automation, and personalized risk management to all users, following testing with 20,000 participants.

GateNews7h ago

Ethereum Foundation Funds $1M Audit Program for Smart Contract Developers

The Ethereum Foundation has launched a $1 million subsidy program designed to help Ethereum mainnet builders pay for professional smart contract security audits. Key Takeaways: The Ethereum Foundation launched a $1 million audit subsidy program on April 14, 2026, to help builders cover security r

Coinpedia7h ago
Comment
0/400
No comments