Nearly $19 billion worth of digital assets have been lost to exploits in the past 13 years, with $2.9 billion stolen in the largest single crypto theft.
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.
In this week’s newsletter, the total losses from crypto hacks and exploits has hit $19 billion over the past 13 years, with 785 reported incidents, and the Solana Foundation has cracked down on validators involved in sandwich attacks on traders.
And, in other major news, Terraform Labs shut down operations entirely and handed over control to the Terra community after its $4.47 billion settlement with the United States Securities and Exchange Commission (SEC).
