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Over $204M lost to DeFi hacks and scams in Q2: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The second quarter of 2023 saw over $208 million exploited and hacked from DeFi protocols, and with just $4.5 million of funds recovered,

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Maple Finance announces direct lending to fill the void left by BlockFi, Celsius

Web3 lending platform Maple Finance has announced the launch of a direct lending program, according to a June 28 fact sheet from the platform’s development team. The program is intended to replace services previously provided by Celsius, BlockFi and other now-bankrupt lenders.The first lending pool will be available sometime in

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Etherscan launches AI-powered Code Reader: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was filled with artificial intelligence (AI)-centered developments on Etherscan, Polygon’s latest security update and on-chain sleuth ZachXBT’s ongoing

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Tron Founder Justin Sun Withdraws $30M of Staked ETH from Lido Finance, Sends Tokens to Huobi Exchange

Crypto markets, led by bitcoin (BTC), rallied through the week as investors cheered the news that a slew of traditional financial institutions took steps to get more involved with digital assets. BlackRock, the world’s largest asset manager, filed to register a much-coveted spot BTC exchange-traded fund (ETF) last Thursday. This

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DeFi protocol, Sturdy Finance, reopens stablecoin market despite falling TVL

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Three days after an $800,000 security breach, Sturdy Finance reopened its stablecoin market. Additionally, the decentralized finance (DeFi) protocol has offered a reward of $100,000 to anyone who could facilitate an arrest or assist in recovering

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Curve pool imbalance triggers USDT depeg concerns: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.On June 15, an imbalance in Curve Finance’s 3pool led to a Tether (USDT) depeg scare as the stablecoin’s weightage in the pool

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DeFi protocol Sturdy Finance offers $100K bounty to hacker if funds are returned

Decentralized finance (DeFi) platform Sturdy Finance has offered a $100,000 bounty to the hacker that exploited the protocol. The lending platform said that its team won't pursue the issue further if the attacker accepts the offer. On June 12, the DeFi platform suffered a loss of almost $800,000 in digital assets

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