Curio, a crypto project that creates tokens based on "real-world assets" (RWAs) like cars, watches, wine, and other goods, has suffered an attack that saw around $16&nbsp;million drained from the project's funds.<p>A bug in the project's Ethereum <button class="define-target" id="smart-contract">smart contract</button> enabled an attacker to mint 1&nbsp;billion of the project's CGT <button class="define-target" id="governance-token">governance token</button>. Although the tokens were notionally priced at around $40&nbsp;million, the loss to the project was estimated at closer to $16&nbsp;million.</p><p>Curio <button class="define-target" id="dao">DAO</button> announced that they intended to compensate users affected by the theft over a year-long period.</p>

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Curio RWA project suffers $16 million exploit