Curve Finance X Account Hacked, Here’s What We Know

Godfrey Benjamin
May 6, 2025
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Curve Finance X Account Hacked, Here's What We Know

Highlights

  • Curve Finance recently suffered a breach of its X profile
  • Despite the promotion of a fake airdrop, reported losses are minimal
  • CRV token has defied the negative news, jumping on the daily chart

The X account of Curve Finance, a popular stablecoin lending platform, is the latest to face a hack which was used to promote fake CRV airdrops. In the now-deleted X post, the hackers urged users to register before a snapshot scheduled for Sunday to become eligible for the airdrop.

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Curve Finance X Account Hack Confirmed

In the X post, the hackers shared a link to Curve’s official website. However, Curve Finance founder Michael Egorov quickly confirmed the compromise of the platform’s X account. He noted that the post did not come from his team and added that the hack only occurred on the X account.

He urged his followers not to click on any link the official Curve X account shares until the team regains control. Crypto influencer CrediBULL Crypto also confirmed the hack, spotlighting the post from the Curve Finance founder. He urged users not to submit their details on the post.

Such disclosures are mandated on social media platform X, and prominent personalities and brands frequently fall victim to crypto scammers. Earlier in March, Ripple CTO David Schwartz flagged a suspicious post on John Deaton’s profile over a promotional tweet.

The Curve Finance team has yet to provide details about how the attacker gained access to the X account. However, as Egorov claimed, the breach appears to be limited to just the X account.

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CRV Tokens Spikes, What Happened?

Despite the potential breach, the protocol’s native token has seen an impressive price surge. CRV token prices have experienced a substantial surge on the daily chart. In the last 24 hours, CRV price rose 1.9% to trade at $0.7. The daily trading volume increased by 39% to $124.3 million, demonstrating a rising market activity.

Prominent market analyst The Mental Trader had earlier forecasted that CRV could hit $3, citing a bullish technical indicator. 

His prediction comes amid huge CRV sales by founder Egorov. Since March 24, the founder has sold a cumulative 3.083 million CRV tokens, which amounted to $1.62 million. On March 26, Egorov again dumped nearly 2 million CRV, sparking discussions about the token’s future price movement. 

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Users Shifting Attention to Curve Finance

The current price level is a big boost for Curve Finance from the lows it printed when it experienced a major hack in 2023. 

The Decentralized Finance (DeFi) platform had witnessed a significant surge in user activity during the first quarter of 2025. During this period, the Curve Finance platform amassed $35 billion in trading volumes, surging 13% compared to last year.

Additionally, data from DeFiLama revealed that total transactions on the platform increased from around 1.8 million to 5.5 million in the first three months.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.