Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.
The DEX aggregator lost the funds after a hacker exploited an internal bug on a swap contract on Oct. 1, leading to a quick response from the Transit Finance team along with security companies Peckshield, SlowMist, Bitrace and TokenPocket, who were able to quickly work out the hacker’s IP, email address and associated-on chain addresses.
Continue reading Bitcoin can solve the DeFi onboarding crisis, argues exec As the decentralized finance space remains plagued with hacks, people have become less interested in jumping in and engaging with DeFi.
The TVL value was about $52.63 billion at the time of writing.
Data from Cointelegraph Markets Pro and TradingView show that DeFi’s top 100 tokens by market capitalization had a mixed week, with many tokens seeing a decline toward the end of the week while a few others managed to trade in green.

Source- Coin Telegraph

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