The ZK token dump led to a 34.5% price decline in the token $0.18 after it hit a high of $0.32 shortly after launching.
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 past week in DeFi was headlined by the zkSync (ZK) token airdrop and the fact that a significant chunk of the wallets that received the airdropped tokens have already sold them.
In another major event, the Kraken exchange was exploited for $3 million, but security firm CertiK claimed it was a white hat operation. After days of back and forth with accusations of blackmailing and extortion, the security firm returned the exploited assets to the crypto exchange.
