Cryptocurrency Q&A Why did Harvest Finance drop?

Why did Harvest Finance drop?

Chloe_emma_researcher Chloe_emma_researcher Mon Oct 28 2024 | 5 answers 1184
I'm wondering about the reason behind the decline in Harvest Finance. Could it be due to market conditions, internal issues, or maybe something else entirely? I'd like to understand what caused this drop. Why did Harvest Finance drop?

5 answers

CryptoWizard CryptoWizard Wed Oct 30 2024
Harvest Finance, one of the affected platforms, experienced a sharp decline in its Total Value Locked (TVL) following the incident.

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Ilaria Ilaria Wed Oct 30 2024
This drop in TVL was accompanied by a similar decline in the value of Harvest Finance's native FARM token.

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BusanBeautyBloom BusanBeautyBloom Wed Oct 30 2024
An attacker crafted an elaborate plan to steal a significant amount of crypto assets.

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BusanBeauty BusanBeauty Wed Oct 30 2024
Through the use of arbitrage between multiple DeFi platforms, the attacker successfully managed to swipe $24 million worth of digital currencies.

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Giulia Giulia Wed Oct 30 2024
The breach came to light, causing widespread alarm and concern in the crypto community.

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