Curve Finance X Account Hacked to Promote Fake CRV Airdrops

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.

The X account of popular stablecoin lending platform Curve Finance was hacked to promote fake CRV airdrops.

Curve Finance X Account Hacked To Promote Fake CRV Airdrops

In the now-deleted X post, hackers urged users to register before a snapshot scheduled for Sunday to become eligible for the airdrop.

Attention all CRV holders! 📣

A snapshot for the CRV airdrop will be taking place on Sunday at 12:00 PM EST.

To be eligible, simply register your wallet before the snapshot: https://t.co/Y8bBuSbM7v

Stay tuned for more updates on the airdrop.

— Curve Finance (@CurveFinance) April 14, 2024

In the post, 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.

Egorov 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.

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.

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.