A week filled with exploits and uncertainty for DeFi: Finance Redefined By Cointelegraph

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A week filled with exploits and uncertainty for DeFi: Finance Redefined

Published May 26, 2023 04:22PM ET Updated May 27, 2023 07:00PM ET

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A week filled with exploits and uncertainty for DeFi: Finance Redefined

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.

After a bullish April, May was another month of exploits, rug pulls and hacks, bringing back uncertainty to DeFi. The most prominent headline marker in the past week was the Multichain protocol. The cross-chain DeFi protocol’s delayed node upgrade created a spiral impact and tanked its token price by 30%.

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