Following the July cyber onslaught on Curve Finance, a dominant player in the decentralized finance (DeFi) sector, Coinbase (NASDAQ: COIN), has found itself in an ethical dilemma.
What Happened: The attack, which saw the theft of a massive sum from Curve, has left Coinbase holding an unexpected profit of around $1 million. The windfall for Coinbase emerged from the turmoil that engulfed the DeFi market following the security breach at Curve.
The heist disrupted Curve's asset valuation system momentarily, paving the way for a golden opportunity that a trading bot didn't hesitate to exploit, according ...