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.
