TechFlow news: Mindao, founder of DeFi protocol dForce, tweeted that the recent attack on the Curve protocol has further exposed existing issues—its founder pledged nearly 50% of the circulating supply into real estate and other leveraged positions, and clearly there isn't enough liquidity to deleverage now.
The biggest negative impact on Curve isn't the hacking incident, but rather these actions by its founder: extremely high concentration of governance tokens, various open-and-shut maneuvers, which easily lead to the token being classified as a security and accusations of market manipulation.
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