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Transit Swap ‘hacker’ returns lion’s share of $23M in stolen funds: Finance Redefined

Transit Swap ‘hacker’ returns lion’s share of $23M in stolen funds: Finance Redefined thumbnail

Majority of the DeFi tokens in Top-100 traded in red barring a few, thanks to the weekend rout in the market correction towards the end of the week.

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

The TranitSwap hacker that got away with $23 million has returned 70% of the stolen funds. The return was possible due to quick actions from on-chain data analytic firms who managed to find the hacker’s IP address and other personal details.

Another research report from Elliptic suggests that DeFi bridges and decentralized exchanges (DEX) have become a new frontier for crypto laundering.

Bitcoin.com CEO Dennis Jarvis believes that Bitcoin can be a bridge that leads users to the decentralized finance space.

As the United States dollar strengthens, even DeFi protocols are looking to invest in the USD as MakerDAO announced it is going ahead with its $500M investment in Treasury bonds.

The top 100 DeFi tokens by market cap had a mixed week in terms of price action, where a majority of the tokens traded in the red thanks to a weekend market correction. However, a few tokens managed to remain in th

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