The source says decentralized finance, or DeFi (blockchain-based financial services), organized a multi-protocol rescue effort within 10 days after a reported $292 million theft linked to North Korea.
The source describes what it calls the largest multi-protocol rescue in DeFi (blockchain-based financial services) history. It says $292 million was stolen by North Korea and that DeFi protocols coordinated to gather $303 million within 10 days. The figures indicate a response larger than the reported loss, highlighting how decentralized projects can coordinate emergency liquidity or recovery support across multiple protocols when major security incidents hit the crypto market.