Welcome to Finance Redefined, your weekly dose of essential decentralized finance insights — a newsletter crafted to bring you the most significant developments from the past week.
In another major event, the Kraken exchange was exploited for $3 million, but security firm CertiK claimed it was a white hat operation. After days of back and forth with accusations of blackmailing and extortion, the security firm returned the exploited assets to the crypto exchange.Cryptocurrency exchange Kraken has recovered missing funds following a high-profile bug bounty exploit fiasco.
Data from blockchain analytics firm Nansen shows that nearly 41% of tracked addresses sold their entire airdrop, while 29.2% sold at least some of their tokens. The total amount sold across both cohorts was over 486 million ZK. Just over 30% of the top receiving wallets have held onto their ZK tokens.DeFi platform 1inch has partnered with Web3 security provider Blockaid to upgrade security measures within its ecosystem.