DeFi tries to recover from Curve hack, but exploits continue: Finance Redefined
Binance jumped in with a $5 million Curve token investment to help with efforts to minimize the risk of contagion. 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 DeFi ecosystem is yet to recover from the crisis brought on by the Curve Finance hack, and even though the issue seems contained, another set of exploits hit the DeFi ecosystem this past week. DeFi protocol Steadefi is the latest victim of an ongoing exploit as the ecosystem was still recover ing from the Curve crisis. Binance came forward to invest $5 million in the Curve token as the hacker partially returned the funds to manage the risk associated with the Curve token price. In other news, Aptos has partnered with Microsoft to collaborate on multiple Web3 solutions, helping its token soar in double digits. Coinbase became the first publicly listed company to launch a decentrali...