CRV/KRW Pair on Bithumb Sees Price Surge Amidst Recent Security Exploit

By Cora Skindell Jul 31, 202347Views

The CRV/KRW pair listed on Bithumb exchange has decoupled from CRV/USD pairs listed on Western exchanges, causing price differences.

– CRV, the native token of Curve Finance, experienced a security exploit that risked $100 million worth of digital assets.
– In response, CRV’s price in USD dropped over 15%, posing a risk of liquidation for borrowed positions.
– However, CRV’s price in Korean won (KRW) rose sharply on Bithumb, reaching a 500% increase for the day.
– Upbit, a local rival of Bithumb, suspended CRV transactions to ensure the safety of digital assets.
– Despite the exploit, some industry players, such as Jihan Wu and Justin Sun, remain confident in CRV’s long-term prospects.

Hot Take: The security exploit on Curve Finance had a significant impact on CRV’s price, causing volatility in USD pairs but a surge in the KRW pair on Bithumb.

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Cora Skindell

Cora Skindell is a standout figure in the world of cryptocurrency analysis, research, and editorial expertise. As a seasoned crypto analyst and researcher, Cora's insights delve deep into the complexities of digital assets, resonating with a diverse audience. Her ability to dissect intricate crypto concepts is complemented by her adept editorial skills, enabling her to distill complex information into easily understandable content. Cora's contributions serve as a valuable compass for both seasoned and novice individuals seeking to navigate the dynamic landscape of cryptocurrencies. With a keen eye for detail and a commitment to accuracy, she empowers informed decision-making in the ever-evolving crypto space.