TLDR
Decentralized finance (DeFi) protocols operating on Binance have been hacked in recent months. The Bank of International Settlements is forming a committee to analyze crypto-assets exposure to the banks. DeFi protocols will take over the traditional financial markets and is going to be exciting, and cybersecurity will be one of the major aspects of success. Regulating DeFi is a tough job, but regulators are coming after DeFi, says CEO and Co-founder of Reef Chain CEO Denko Mancheski.via the TL;DR App
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Written by ishanpandey | Building and Covering the latest events, insights and views in the AI and Web3 ecosystem.
