Five major Korean exchanges have issued a joint statement urging their users to exercise caution when investing in CRV, the native token of decentralized finance (DeFi) platform Curve Finance. The statement came after a recent hack at the platform resulted in the loss of millions of dollars worth of cryptocurrencies.

The exchanges, namely Upbit, Bithumb, Coinone, Korbit, and Gopax, emphasized the need for users to conduct thorough research and due diligence before investing in any cryptocurrency. They also warned that investing in CRV, or any other cryptocurrency, involves a high degree of risk and volatility, and that users should be prepared for potential losses.