Crypto Markets Steady as Iran Tensions Rise, While DeFi Faces Major Exploit
Digital assets showed resilience amid geopolitical tension, but decentralized finance (blockchain-based financial services) was hit by what the source describes as one of the year’s largest hacks.
Summary
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Terms & Concepts
DeFi: Short for decentralized finance, a set of blockchain-based financial services that operate without traditional intermediaries such as banks.
Exploit: A security breach that takes advantage of a vulnerability in code or protocol design to drain or manipulate funds.