- 🤔 Sus… A hacker who reportedly squeezed $47M out of DeFi platform Mango said he was playing by the rules. This so-called financial hacking (think: using a crypto platform's own code to trade against it) is on the rise.
- 📜 Policy… Speaking of which, FTX's Sam Bankman-Fried is sick of big $$ payouts to crypto hackers (aka "hack to return") and proposed a "5-5 standard." Basically: DeFi platforms should offer hackers 5% or $5M (whichever is smaller).
- 🪙 Coins… Proof-of-stake blockchain Aptos launched on Monday and was greeted with a major selloff. Its token plunged 40% on reports of low transaction speeds (4/second) and of devs and investors getting 49% of token supply.
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