The Curio defi project recently experienced a significant attack, resulting in an estimated damage of $16 million, as reported by Cyvers Alerts experts. The hack was likely due to a vulnerability in the permissioned access logic, allowing the attacker to create an additional 1 billion CGT tokens valued at nearly $40 million.

Community Alert: A smart contract exploit within the Curio ecosystem has been identified. The MakerDAO-based smart contract used on the Ethereum side was exploited, leading to the security breach. The Curio team is actively working to address the situation and provide updates to the community.

In February, the crypto industry saw a decrease in damages from hacks and scams, totaling around $67 million, which is approximately half of the previous month’s figure. Defi sector attacks were the primary focus, with no notable incidents reported on centralized platforms.

Notable losses in February included PlayDapp gaming platform losing $32.35 million, FixedFloat decentralized exchange suffering a $26.1 million loss, and Duelbits cryptocurrency casino losing $4.6 million due to a compromised private key.

Stay informed and vigilant in the ever-evolving cryptocurrency space to protect your investments and assets.

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