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Curve Hack Explained | Roundup

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How a Re-Entrancy Attack Affects a Bank's Balance

So here's my understanding of how this went down, and I'm going to try to draw an analogy to non crypto land. Basically, so the curve ETH pool or wealth pool, there were two different attacks. The first one was the exploit are open to 10,000 wealth flash loan from balancer,. They then provided 400 ETH as liquidity to the curve to the CRV ETH pool received like roughly 10,000 CRV ETH LP tokens swapped 500 ETH for like a million CRV withdrew that CRV and ETH from the pool. Then repeated the process until basically the CRV had been drained from thePool.

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