Tag: de-fi

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Reports State at Least $1.7B Was Lost in Hacks and Exploits During 2023

December 29, 2023

Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $1.7 billion, while De.fi, another Web3 security firm, states that this number reaches higher, to $2 billion. Reports…
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IMF, FSB release joint policy recommendations for crypto assets

September 7, 2023

The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi). Update (Sept. 7, 2023, 11AM UTC): This article has been updated to add more information on the policy paper. The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a joint paper containing policy recommendations at the request…
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