$200M lost to hacks in 2024, Shido token plummets 94%: Finance Redefined
Over $200 million worth of cryptocurrency has been lost to hacks and rug pulls in 32 individual incidents so far this year.
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 a fireside chat at ETHDenver, United States Securities and Exchange Commission (SEC) Commissioner Hester Pierce advocated for more decentralization and said centralization means that “you have concentrated risks.”
An attacker took control of the Shido blockchain’s Ethereum staking contract and transferred out billions of Shido (SHIDO) tokens, according to PeckShield.
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