Suspension of $CRV trading in South Korea triggers unprecedented price premiums on major exchanges
According to recent data, the CRV price on Bithumb has rocketed to approximately $4.73, marking a massive premium of 640%. Meanwhile, on Upbit, the price of CRV hovers around $0.81. It is worth noting that Bithumb and Upbit are the third and fourth in CRV spot trading volume, respectively, globally. The combined trading volume of these two exchanges over the past 24 hours is an impressive $60 million USD.
Due to the suspension of CRV deposits and withdrawals, the CRV prices of the two major South Korean exchanges, Upbit and Bithumb, have seen a significant premium. The current Bithumb CRV price is about $4.73, with a premium rate of about 640%; Upbit CRV price is about $0.81.…This price anomaly comes in the wake of a severe incident involving Curve Finance. Certain types of the Curve factory pool suffered a"reentrancy" attack, leading to a total loss of millions of dollars. As a result, CRV deposits and withdrawals were suspended on numerous platforms, including Upbit and Bithumb.
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