Over $204M Lost to DeFi Hacks and Scams in Q2: Finance Redefined
The top 100 DeFi tokens haven't seen much price change over the past week, with the majority posting minor weekly gains .
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) news – a newsletter designed to bring you the most significant developments of the past week.
The second quarter of 2023 saw over $208 million mined and hacked from DeFi protocols, and with only $4.5 million in funds recovered, total losses from exploits topped $204 million .
The DeFi ecosystem is an ever-growing industry with billions of dollars in daily trading volume. Yet, it remains a niche for a small population in the crypto industry and out of reach for some. For a comprehensive overview of DeFi, check out Cointelegraph Research's new report titled: "Investing in DeFi: A Complete Guide".
The Maple Finance DeFi lending protocol has decided to offer direct lending to select borrowers instead of relying solely on pool delegates to provide capital to fill the void left by major bankrupt lending protocols like BlockFi.
The popularity of Bitcoin's BRC-20 token standard led many wallet service providers to add support for the new token standard, and Optimism Network transactions jumped 67% as a result the Bedrock upgrade.
The top 100 DeFi tokens continued their bullish momentum in the last week of June, with most tokens trading green.
Over $204M Lost in Q2 DeFi Hacks and Scams: ReportMore than $204 million was lost to DeFi hacks and scams during the second quarter of 2023, according to a June 27 report from wallet app Web3 De.Fi.
The report, titled "Q2 De.Fi Rekt Report", was partly based on data from De.Fi's Rekt database. More than $208.5 million...
The top 100 DeFi tokens haven't seen much price change over the past week, with the majority posting minor weekly gains .
Newsletter
Join us on social networks
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) news – a newsletter designed to bring you the most significant developments of the past week.
The second quarter of 2023 saw over $208 million mined and hacked from DeFi protocols, and with only $4.5 million in funds recovered, total losses from exploits topped $204 million .
The DeFi ecosystem is an ever-growing industry with billions of dollars in daily trading volume. Yet, it remains a niche for a small population in the crypto industry and out of reach for some. For a comprehensive overview of DeFi, check out Cointelegraph Research's new report titled: "Investing in DeFi: A Complete Guide".
The Maple Finance DeFi lending protocol has decided to offer direct lending to select borrowers instead of relying solely on pool delegates to provide capital to fill the void left by major bankrupt lending protocols like BlockFi.
The popularity of Bitcoin's BRC-20 token standard led many wallet service providers to add support for the new token standard, and Optimism Network transactions jumped 67% as a result the Bedrock upgrade.
The top 100 DeFi tokens continued their bullish momentum in the last week of June, with most tokens trading green.
Over $204M Lost in Q2 DeFi Hacks and Scams: ReportMore than $204 million was lost to DeFi hacks and scams during the second quarter of 2023, according to a June 27 report from wallet app Web3 De.Fi.
The report, titled "Q2 De.Fi Rekt Report", was partly based on data from De.Fi's Rekt database. More than $208.5 million...
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