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CRV, the native token of Curve Finance, a decentralized exchange specializing in stablecoins, has experienced a substantial increase in trading value on the South Korea-based digital assets exchange, Bithumb, following a security exploit that occurred late on Sunday.

Curve, considered the foundation of the decentralized finance (DeFi) ecosystem, recently suffered a reentrancy attack, putting approximately $100 million worth of digital assets at risk. As a result, there was an immediate and drastic 15% drop in CRV's dollar-denominated price, which posed a severe threat of liquidation for a substantial leveraged position on Aave, further elevating the risk of a broader market contagion.

Nevertheless, the price of CRV surged when denominated in Korean won (KRW). As of the latest update, Bithumb's CRV/KRW pair was trading at KRW 5,565 ($4.36), reflecting an astonishing increase of over 500% within the day, as reported by the charting platform TradingView.

CoinCryptoUs contacted Bithumb, inquiring about the surge in price volatility for further information.

Upbit, a local competitor of Bithumb, also experienced the impact of the reentrancy attack on certain stablecoin pools within Curve's ecosystem, contributing to the heightened volatility in CRV. To safeguard the security of digital asset transactions, Upbit took the precautionary measure of temporarily suspending both CRV withdrawals and deposits. As a result of these events, at the time of reporting, the CRV/BTC trading pair on Upbit witnessed an impressive surge of 55% in value for the day.

While the exploit reflects negatively on Curve's image, several prominent industry players remain optimistic about the long-term prospects of CRV.

"In the coming RWA wave, $crv is one of the most important infrastructures. I have BTFD. NFA," Jihan Wu, co-founder of Bitman and Matrixport, said in a tweet.

Tron's Justin Sun went above and beyond by providing support to Curve and those affected by the exploit.