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Over $204 million lost in Q2 DeFi hacks and scams: Report

June 30 (Cointime) - In Q2 of 2023, DeFi protocols were exploited and hacked, resulting in over $208 million in losses, with only $4.5 million recovered. Despite the billions of dollars in daily trading volume, the DeFi ecosystem remains niche and out of reach for some. Maple Finance has launched a direct lending program to fill the void left by bankrupt major lending protocols like BlockFi. Additionally, Optimism network transactions surged 67% following the Bedrock upgrade, and many leading wallet service providers have added support for Bitcoin's BRC-20 token standard.

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