Curve CEO clarifies misinformation about the UwU Lend hack and CRV token burn, outlining preventative measures and repayment of bad debt.
Michael Egorov, the founder and CEO of Curve Finance (CRV), has weighed in on the recent UwU Lend hack, explaining that the incident did not exploit Curve Finance itself.
In a Q&A with Cointelegraph, Egorov clarified that “this was not a Curve exploit. This was an exploit of a separate project (UwU Lend),” explaining that:
Egorov highlighted measures to prevent future exploits, recommending that UwU Lend “re-verify all contracts and connect them to good security auditors” to hopefully recuperate losses.