DeFi enjoys a prolific start to 2023: Finance Redefined

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

DeFi closes a bullish month on a high and also sees a significant decline in exploits and the value of assets stolen.

Recent charges brought against Mango Markets exploiter Avraham Eisenberg will positively impact the DeFi space, according to credit rating firm Moody’s.

The company announced the decision on Twitter on Feb. 1, saying that despite having “enough runway” to continue operating, it would be a gamble under current market conditions.North Korean exploiters behind the Harmony bridge attack continue to try and launder the funds stolen in June 2022. According to on-chain data revealed on Jan. 28 by blockchain sleuth, ZachXBT, the perpetrators moved 17,278 ETH over the weekend, worth about $27 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's still a fresh year, and lots of hope for DeFi 👌

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Solana DeFi lender Everlend Finance shuts down its app citing liquidity crunchThe Solana DeFi space has lost another participant with Everlend Finance announcing the shutdown of its app.
Source: TheBlock__ - 🏆 464. / 53 Read more »