Mango Markets Hacker Allegedly Feigns Curve Short Attack To Exploit Aave
As described by analysts at Lookonchain on Nov. 22, tokens of decentralized exchange Curve Finance (CRV) appear to have suffered a major <a href="https://twitter.com/lookonchain/status/1595022256018702339" target="_blank">short-seller attack</a>. According to Lookonchain, ponzishorter.eth, an address associated with <a href="https://cointelegraph.com/news/mango-markets-hacker-proposes-steep-settlement">Mango Markets exploiter</a> Avraham Eisenberg, first swapped 40 million USD Coin (USDC) on Nov. 13 into decentralized finance protocol Aave to borrow CRV for selling.
AAVE Trying To Break Out After Week of Stalemate
The week of rangebound trading on AAVE might have pushed some investors away from the cryptocurrency, but, thankfully, bulls have found some power to push the value of the asset above the trading range. In the last 24 hours, AAVE has shown a slightly better performance than the other part of the cryptocurrency market. Unfortunately, there have been no fundamental factors that would suggest that AAVE has an upper hand against other assets, which is why the movement we are seeing right now is purely speculative.
