CFTC Initiates Enforcement Sweep Targeting Opyn and Other DeFi Operations

Coinbase-Backed Insurance Disruptor OpenCover Launches on Layer 2 Blockchain

DeFi and Credit Risk

The $450,000 that was taken from DeFi protocol Curve.Finance earlier this week has been frozen or recovered, according to Binance CEO Changpeng Zhao "CZ," who made the announcement on Friday.

After hackers stole roughly $570,000 from Curve.Finance on Tuesday, the protocol's creators claimed to have found and remedied the problem.

Binance recovers 83% of Curve Finance's stolen funds
Due to the fact that multiple other protocols rely on Curve.Finance's CRV token rewards emissions for funding, the company is a significant actor in the DeFi ecosystem.

According to CZ's tweet, the exchange is currently collaborating with legal enforcement to restore cash to harmed individuals.