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Aave and Lido Report $1.7 Billion DeFi Capital Outflow Following Binance Hack
(4 hours ago) · 1 source · Summarized by CryptoBipto
Aave and Lido, two of the largest decentralized finance protocols, reportedly experienced a combined $1.7 billion drop in total value locked following a hack involving Binance. The capital outflow reflects users withdrawing funds from DeFi platforms amid security concerns triggered by the reported breach.
WHY IT MATTERS
DeFi, or decentralized finance, refers to financial services built on blockchain technology that operate without traditional banks or intermediaries.
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SOURCES
- cryptoslate.com
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AAVELDOBNBDeFiExchange HackBinanceAaveLido
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