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Live reporting •

Stream Finance halts withdrawals after $93M loss, xUSD depegs 75%

DeFi platform Stream Finance has halted deposits and withdrawals in response to the loss of $93M of “Stream fund assets.”

Live reporting •

Balancer exploit drains $129M in DeFi disaster •

The exploit, which hit Balancer’s v2 liquidity pools on multiple blockchains, reportedly affected projects that “forked” the exchange’s code.

Critics of DeFi yield farming projects claim they created a “daisy chain” by recursively lending funds between one another to inflate TVL.

Ledger fine print revealed that the “free” service would cost $10 per transaction or 0.05% of the amount transferred, on top of gas costs.

Code Is Law: Crypto’s Unstoppable Heists, out tomorrow, explores why very few crypto hackers ever appear in court.