The amount stolen through crypto hacks and the number of successful attacks sharply declined in April.
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.
While the DeFi sector is often associated with hacks and exploits, losses from hacks have declined by 67% in April to $60 million compared to March, which saw $187 million in funds stolen. Hundred Finance hackers moved stolen funds for the first time nearly a year after an exploit.
In other news, the Bitcoin layer-2 platform Stacks recorded its highest number of active users as interest in Bitcoin DeFi, or BTCFi, surged.
