Curve Finance Suffers DNS-Level Exploit, CRV Token Price Tanks 7%

DeFi ecosystem Curve Finance has been hit by a DNS-level exploit that sent shivers down the spines of its users, leading to a sharp decline in the price of its native token, CRV.

According to data from CoinMarketCap, CRV is currently trading at $0.7303, down almost 7% over the past 24 hours and retesting the 20-day Exponential Moving Average (EMA) at $0.7074.

DNS Compromise Spurs Panic

Late Monday night, Curve Finance took to Twitter to confirm a critical security breach affecting its domain, curve[.]fi.

“Last night, the curve[.]fi domain was compromised at the DNS level. This exploit redirected traffic to a malicious IP not associated with Curve Finance. No smart contracts or internal systems were breached—the protocol itself remains fully operational and secure.”

The hackers manipulated the DNS records, diverting users to a malicious website that mimicked Curve’s legitimate interface but included nefarious scripts. These scripts were designed to deceive users into unwittingly approving token transfers.

“The DNS incident is a reflection of a broader issue across the industry—we are seeing a growing number of attacks focused on blockchain infrastructure,” the project stated in an official post.

Fortunately, Curve’s core infrastructure, including its smart contracts and internal systems, remained untouched. “User funds are safe,” the team emphasized, adding that the breach was confined to the front-end layer.

This latest incident follows a previous DNS hijack in 2023, which resulted in losses of over half a million dollars.

Technical Analysis: Bearish Clouds Gather

The Bollinger Bands on the chart below show that CRV pulled back from the upper band ($0.8018) and is now testing the middle band (20-day SMA) around $0.7080. A breakdown below this level could expose CRV to the lower band support near $0.6141.

CRV 1D Chart with BB and RSI. Source: TradingView

The MACD Indicator shows a neutral crossover forming, with the MACD line (0.0421) and signal line (0.0422) nearly converging. If this crossover tilts bearish, downward momentum could accelerate in the coming days.

If the MACD crosses negatively and CRV loses the $0.7080 support, the token could test $0.61–$0.62 in the near term. On the flip side, if CRV manages to reclaim the $0.75 mark with volume confirmation, the next resistance is at the upper Band near $0.80–$0.81.