News of the SEC filing charges Richard Heart, Hex, PulseX, and PulseChain and a Curve Finance exploit sent the crypto market into reverse.
Overnight on Sunday, Curve Finance announced the exploit, saying,
“A number of stablecoins (alETH/msETH/pETH) using Vyper 0.2.15 have been exploited as a result of a malfunctioning reentracy lock. We are assessing the situation and will update the community as things develop. Other pools are safe.”
Curve Finance provided further updates throughout the Monday session, weighing on investor sentiment.
On Monday, the SEC filed charges against Richard J. Schueller, a/k/a Richard Heart, Hex, PulseChain, and PulseX, for the unregistered offering and sale of crypto asset securities to retail investors and defrauded investors by using investor monies to fund his lavish lifestyle, among other charges.
The Day Ahead
While SEC v Ripple Court ruling chatter will remain the focal point, investors should continue to monitor the crypto news wires. SEC activity and US lawmaker chatter will move the dial.
However, investors should also monitor ETF, Binance, and Coinbase-related news.
