Sunday, November 17, 2024
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Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: 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 bullish resurgences for many projects, but it was the Uniswap founder’s $650 billion HayCoin (HAY)

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Investors rug-pulled after pouring $57M into dog-themed OlympusDAO fork

After launching via a Discord channel on Oct. 28, AnubisDAO went on to raise roughly 13,256.4 ETH using Alchemistcoin’s liquidity bootstrapping protocol (LBP) Copper. However, the funds were unexpectedly sent to a different address roughly 20 hours into the LBP.CNBC spoke to one investor who claims to have lost almost

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