Web3 hacks and scams cost the ecosystem $1.83 billion in 2023 despite the amount of funds lost to exploits dropping by half compared with 2022.
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.
Vitlalik Buterin believes Ethereum needs to reignite the “cypherpunk” revolution first envisioned for the blockchain in its early days.
The Web3 ecosystem lost $1.8 billion to exploits and scams in 2023, and the Kyber Network has slashed its workforce by half after its recent $49 million exploit.
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Source: https://cointelegraph.com/news/kyber-network-slashes-workforce-web3-hacks-cost-1-8b-in-2023-finance-redefined