DeFi’s November Nightmare Exposes Critical Risk For The Crypto Ecosystem
It could be labeled as crypto’s November Nightmare. DeFi protocol Balancer was exploited to the tune of $128 million. Also, Stream Finance announced a loss of $93 million, leading to the depegging of its xUSD stablecoin. Both occurred on November 3. Decentralized finance is susceptible to risks, which can cascade into further systemic problems. And…
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