Sushi Taps into ZetaChain for Native Bitcoin Swaps and Opyn DeFi Protocol Founders’ Transition in Response to CFTC Pressure: Finance Redefined 
Welcome to Finance Redefined, a newsletter curated weekly, delivering vital decentralized finance (DeFi) insights to you. This newsletter is designed to keep you updated on the most impactful occurrences from the previous week.
Traditional Web2 Flaws Contribute to 46% of Crypto Exploits: Immunefi Report
An Immunefi report has found that almost half of the crypto lost due to Web3 exploits is a result of Web2 security issues like leaked private keys. In its study released on Nov. 15, the report categorized crypto exploits in 2022, concluding that 46.48% of the lost crypto was due to “infrastructure weaknesses,” not smart contract flaws.
- 46.48% of lost crypto attributed to infrastructure weaknesses
- 26.56% of crypto lost from Web2 vulnerabilities
Sushi Partners with ZetaChain for Native Bitcoin Swaps
Sushi, a DeFi platform, has teamed up with ZetaChain to delve into the potential for native Bitcoin swaps across 30 diverse blockchain networks.
Opyn DeFi Protocol Founders Transitioning Away from Crypto Post CFTC Crackdown
Zubin Koticha and Alexis Gauba, founders of the Opyn DeFi protocol, are stepping down from the project and plan to exit the crypto space, following a statement from Koticha on Nov. 14.
Layer-2 Networks Reach $13 Billion TVL Amid Remaining Challenges
Ethereum layer-2 networks have hit a milestone, surpassing $13 billion total value locked (TVL) within their contracts. However, challenges, particularly in user experience and security, continue to persist.
DeFi Market Overview
Data from Cointelegraph Markets Pro and TradingView reveals a positive week for DeFi’s top 100 tokens by market capitalization, with most tokens exhibiting gains on the weekly charts. The total value locked into DeFi protocols has remained above $50 billion.
Thank you for reading the highlights of this week’s significant DeFi developments. Stay tuned for more engaging stories, insights, and educational content on this rapidly evolving landscape next Friday.
Editor Notes
If you’re interested in staying updated on the latest news and insights in the crypto world, check out Uber Crypto News.
Welcome to Finance Redefined, a newsletter curated weekly, delivering vital decentralized finance (DeFi) insights to you. This newsletter is designed to keep you updated on the most impactful occurrences from the previous week.
Traditional Web2 Flaws Contribute to 46% of Crypto Exploits: Immunefi Report
An Immunefi report has found that almost half of the crypto lost due to Web3 exploits is a result of Web2 security issues like leaked private keys. In its study released on Nov. 15, the report categorized crypto exploits in 2022, concluding that 46.48% of the lost crypto was due to “infrastructure weaknesses,” not smart contract flaws.
- 46.48% of lost crypto attributed to infrastructure weaknesses
- 26.56% of crypto lost from Web2 vulnerabilities
Sushi Partners with ZetaChain for Native Bitcoin Swaps
Sushi, a DeFi platform, has teamed up with ZetaChain to delve into the potential for native Bitcoin swaps across 30 diverse blockchain networks.
Opyn DeFi Protocol Founders Transitioning Away from Crypto Post CFTC Crackdown
Zubin Koticha and Alexis Gauba, founders of the Opyn DeFi protocol, are stepping down from the project and plan to exit the crypto space, following a statement from Koticha on Nov. 14.
Layer-2 Networks Reach $13 Billion TVL Amid Remaining Challenges
Ethereum layer-2 networks have hit a milestone, surpassing $13 billion total value locked (TVL) within their contracts. However, challenges, particularly in user experience and security, continue to persist.
DeFi Market Overview
Data from Cointelegraph Markets Pro and TradingView reveals a positive week for DeFi’s top 100 tokens by market capitalization, with most tokens exhibiting gains on the weekly charts. The total value locked into DeFi protocols has remained above $50 billion.
Thank you for reading the highlights of this week’s significant DeFi developments. Stay tuned for more engaging stories, insights, and educational content on this rapidly evolving landscape next Friday.
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