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no one’s talking about this: $231M drained in DeFi heist, $19M saved in epic recovery saga ðŸ§
degen energy:
bro what’s up with DeFi losing $231M, then recovering $19M?! StakeWise flexes emergency response
Two headlines expose DeFi’s security landscape: StakeWise recovers $19.3M from Balancer V2 exploit, while Stream Finance freezes due to $93M loss. StakeWise showcases swift emergency responses, while Stream highlights vulnerabilities in CeDeFi models. Recovery tools include multisigs, contract-level functions, and DAO governance. Balancer and Berachain employ different strategies for containment. The incident underscores the need for improved risk management and transparency in DeFi protocols. Exploits test the ecosystem’s resilience against mounting cryptocurrency thefts. The future of DeFi hinges on effectively balancing security measures and financial innovation.
What is happening to DeFi? $231 million has just been drained, but $19 million has been recovered
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