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Just another day in DeFi: A hack, a rug-pull, and $10M saved

The DeFi sector is a financial frontier zone, home to some of crypto’s riskiest experiments. As such, chaos isn’t the exception but the rule.

Circle dragged for dragging feet as DeFi protocol GMX hacked

USDC stablecoin issuer Circle has been criticized for not freezing $9M taken in the GMX protocol hack quickly enough.

So-called “synthetic dollar” USDf, which is backed by controversial market maker DWF Labs, is off-peg and has hit a low of $0.98.

The team behind blockchain bridge Across has been accused of funnelling $23M worth of treasury funds into its own company, Risk Labs.

Messages left on-chain from the hacker’s address appear to set the record straight about the root causes of the Cork Protocol incident.