DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve

The exploiter created 58 million of the protocol’s CVG token and then swapped for roughly $200,000 worth of wrapped ETH and crvFRAX and forwarded to Tornado Cash.

Full story: https://www.coindesk.com/markets/2024/08/01/defi-protocol-convergence-hacked-cvg-token-plunges-99-on-curve/