Hacker bungles DeFi exploit, dYdx’s decentralization goals, and more By Cointelegraph

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Finance Redefined: Hacker bungles DeFi exploit, dYdx’s decentralization objectives, and extra

The decentralized finance (DeFi) ecosystem was crammed with ups and downs —principally the latter— this week, with two very distinct hack makes an attempt and a heartbreaking departure of a DeFi veteran.

On this week’s publication, we will even have a look at spinoff trade dYdX’s plans to go absolutely decentralized by the tip of the 12 months. The worth momentum of the DeFi tokens remained impartial, with a number of tokens registering a bullish surge. Nonetheless, the market volatility meant a lot of them couldn’t maintain onto these features.