DeFi sees exploits and exit scam drama in the last week of 2022: Finance Redefined

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In this weeks DeFi newsletter we shed light on two major exploits and the drama that followed those exploits.

insights — a newsletter crafted to bring you significant developments over the last week.

However, the hacker behind the attacks reportedly returned a portion of the funds the next day. Security analytic firm Certik looked into the chain of events and concluded that the $12 million of funds drained were a part of an exit scam. The top 100 DeFi tokens had another bearish week with little to no price momentum. Nearly all tokens were trading in red on the weekly charts.This week, Defrost Finance announced that both its versions — Defrost v1 and Defrost v2 — are being investigated for a hack. The announcement came after investors reported losing their staked Defrost Finance and Avalanche tokens from MetaMask wallets.

 

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Ya_Basta369

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