Paddle: Convergence was attacked, resulting in a loss of approximately $210,000

2024-08-01 23:53:51

Collection

ChainCatcher news, according to the monitoring by Shield, the DeFi protocol Convergence has been attacked, resulting in a loss of approximately $210,000. The hacker minted about 58 million CVG, which were then exchanged for 60 WETH and 15,900 crvFRAX.

The vulnerability is part of the CvxRewardDistributor contract, which did not validate (untrusted) user input for claiming rewards.

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Convergence hacking CVG

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Convergence hacking CVG

Mention the project

Convergence Curve Governance Optimization Protocol