Liquid staking solutions now have more TVL than DEXs: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights– a newsletter crafted to bring you the most considerable developments from the previous week.April saw several hacks, exploits and rug pulls that resulted in a net loss of over $100 million amongst numerous DeFi protocols. DEXs have actually experienced a $1.66 billion decline to $17.2 billion, while liquid staking options have actually experienced a $280 million increase to $17.47 billion.Continue readingAprils crypto hacks, exploits and scams lead to $103 million lost– CertiKCrypto exploits, exit rip-offs and flash loan attacks did not let up in April, with more than $103 million of funds taken from crypto projects and financiers. On April 30, crypto security and auditing company CertiK published an April roundup of crypto hacks, exploits and rip-offs, exposing total funds lost was $103.7 million, bringing total year-to-date losses to $429.7 million.The month was ruined with substantial crypto exploits, with $25.4 million lost due to an exploit of numerous maximal extractable worth trading bots on April 3, $22 million stolen in a hot wallet make use of at the Bitrue exchange, and the $13 million hack of South Korean GDAC exchange.Continue readingLevel Finance verifies $1 million exploit due to buggy wise contractDecentralized exchange Level Finance experienced a security breach allowing an enemy to take over $1 million of the exchanges native LVL token.

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