- Binance commented on the bug that caused CRV price to diverge across platforms.
- The exchange users remain unaffected by the bug.
- A crypto influencer revealed CRV traded $0.086 on DEXs and $0.6 on CEXs.
Changpeng Zhao, the CEO of Binance, recently took to Twitter to comment on a bug that caused the price of CRV, the native token of the Curve protocol, to diverge significantly between decentralized and centralized exchanges (DEXs and CEXs).
With a touch of humor, Zhao tweeted, “CEX price feed saves DeFi,” in response to the incident where the price difference of CRV on CEXs and DEXs was nearly 700% apart.
CEX price feed saves DeFi.Binance users are not affected. Our team checked on the Vyper Reentrant Vulnerability. We only use version 0.3.7 or above.
It's important to stay up-to-date with code libraries, apps and OS. And stay #SAFU https://t.co/0GFv86KP9R
— CZ Binance (@cz_binance) July 31, 2023
The CEO assured that Binance users were unaffected by the bug. He revealed that the Binance team inspected the Vyper Reentrant Vulnerability and that the exchange only employs version 0.3.7 or higher. Zhao further stressed the importance of staying up-to-date w…
The post Binance CEO Reacts to CRV 697% Price Difference on DEXs and CEXs appeared first on Coin Edition.
The post Binance CEO Reacts to CRV 697% Price Difference on DEXs and CEXs appeared first on Coin Edition.