DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined

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This week's DeFi newsletter focuses on the after-effects of FTX contagion on DEX protocols and the DeFi ecosystem.

Crypto scammers have been accessing a “cheap and easy” black market of individuals willing to put their name and face on fraudulent projects — all for the low price of $8, blockchain security firm CertiK has uncovered.

These individuals, described by CertiK as “Professional KYC actors,” would, in some cases, voluntarily become the verified face of a crypto project, gaining trust in the crypto community prior to an “insider hack or exit scam.

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education in this dynamically advancing space.

 

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It was a very interesting article

will be the best Dex crazy tokenomics with buy and burn launching soon

Good to know that Tether supports DeFi growth.

📶📶DOGE PAYMENTS TO TWITTER 🌝 🚀

we still have BitDAO supporting the builders of the decentralized economy and pushing the growth of DeFi, aiming to bring innovative projects to the market

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