Balancer protocol exploited for $900K as DeFi hacks mount: Finance Redefined

Welcome to Finance Redefined, your weekly dose of important decentralized finance (DeFi) insights — a publication crafted to deliver you probably the most vital developments from the previous week.

On this week’s publication, staking providers have agreed upon a 22% restrict on all validators to make sure honest markets. August proved to be one other expensive month for DeFi as a number of protocols had been collectively exploited for $16 million. In separate exploit information, Balancer protocol misplaced almost $900,000 because of a vulnerability flagged months in the past.

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