Mindao: The hacker attack magnified Curve’s problems. The high concentration of tokens and the founder’s open manipulation are likely to attract regulatory investigations.

According to BlockBeats, on August 1, Mindao, the founder of DeFi protocol dForce, wrote that the attack on Curve protocol has further magnified the existing problems. Its founder mortgaged nearly 50% of the circulating market for real estate and other leverage. Now it is obvious that liquidity is not enough to reduce leverage. The biggest negative impact on Curve is not the hacking incident, but the founder's operations, the extremely high concentration of governance tokens, and various overt operations, which can easily be defined as security tokens and market manipulation.