The value of cryptocurrencies deposited in liquid staking protocols has increased to about $14 billion, trailing just deposits at decentralized exchanges.

Flash loan exploit drained protocol of over $9 million in assets and knocked Platypus USD (USP) off its peg.

LayerZero offered developers a way to get their hands on intrinsically worthless gETH tokens for testing purposes – but traders jumped on that opportunity, leading to an uncannily high-valued market.

ALSO: CoinDesk Chief Content Officer Michael Casey considers why the U.S. Securities and Exchange Commission has overreached in its recent actions against crypto entities, and that the crypto industry must

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Going forward, the basis of global crypto rules will be formed on a new synthesis paper, jointly produced by the International Monetary Fund (IMF) and the Financial Stability Board (FSB).

Validators and Solana Foundation and Labs engineers are investigating the issue.

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The High Court of England and Wales ordered the crypto platform to reclaim the stolen funds.

The class action lawsuit filed in 2020 alleged that Maker-related entities knowingly misrepresented risks of holding collateral debt positions and caused heavy losses for some users during the March 2020