dForce founder: The attack on Curve has amplified issues such as the high concentration of tokens, making it susceptible to being classified as a security token and market manipulation

2023-08-01 19:10:29
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ChainCatcher message, dForce founder Mindao stated that the issues exposed by the recent attack on the Curve protocol have been further amplified. The founder has collateralized nearly 50% of the circulating supply for real estate and other leverage, and it is now evident that there is insufficient liquidity to reduce leverage. The greatest negative impact on Curve is not the hacking incident, but rather these actions by the founder, the extremely high concentration of governance tokens, and various obvious operations, which can easily be defined as security tokens and market manipulation.

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