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I just saw that Bitcoin is rebounding strongly these days, surpassing $81,000. While the main market is moving upward, something concerning is happening in the DeFi ecosystem.
Apparently, a hack on a staking platform caused about $14 billion to exit DeFi protocols. It’s quite significant when you see many users get scared and decide to withdraw their funds. The incident highlights the security risks that still remain a problem in this space.
Interesting to see how Bitcoin rebounds at the same time DeFi faces this massive exodus. It seems that investors are rotating into safer assets or simply taking profits from the affected protocol. It’s worth paying attention to how this develops in the coming weeks.