Author: Elizabeth

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.

This past week, cross-bridge protocols became the center of DeFi discussions as a new report showed RenBridge was used to launder $540 million in stolen funds. Curve Finance, on the other hand, resolved its site exploit and directed users to revoke any recent contracts.

Interlay, a London-based blockchain firm, launched a Bitcoin (BTC)-based cross-chain bridge on Polkadot named interBTC (iBTC), DeFi platform Oasis.app says that sanctioned addresses will no longer be able to access the application.

The majority of the top-100 DeFi tokens saw a new surge in bullish momentum along with the rest of the market, with several of the tokens registering a double-digit gain on the weekly charts.

Curve Finance resolves site exploits, directs users to revoke any recent contracts

On Aug.

Curve Finance [CRV]the on-chain liquidity exchange, was attacked in what was termed a “DNS cache poisoning” on 9 August. This exploit capitulated CRV as the price plunged from $1.48 on 8 August to $1.25 on the event day.

Surprisingly, the coin picked up and increased to $1.42 on 11 August. On the same day, it was announced that Curve Finance had recovered over 80% of the stolen funds.

Despite the retrieval, CRV had failed to lift its price substantially, recording a 3.99% decline from its 24-hour price. So how come CRV recovered the funds?

In trouble? Call CZ!

Binance CEO Changpeng Zhao (CZ) announced via Twitter that the hacker wanted to store the funds on its exchange.

Binance froze/recovered $450k of the Curve stolen funds, representing 83%+ of the hack. We are working with LE to return the funds to the users. The hacker kept on sending the funds

“The financial therapy program trains people to recognize when an issue is outside of their expertise, and how to make a referral to someone else when necessary,” she said. Many financial planners deal with clients when they are facing major life events, such as marriage, divorce, career changes, retirement or a death in the family, and it’s normal for them to suggest a lawyer or an accountant. Why not a therapist?

Larger financial institutions are adopting more touchy-feely angles with their clients, too.

“Financial planners have always known that clients have trouble implementing goals even when they have been clearly outlined and demonstrated,” said Sonya Lutter, a founding member of the Financial Therapy Association who recently founded EnLite, a research and training provider for financial planners and therapists . “The part that’s been missing is the personal, behavioral element — a computer can’t just spit that out. A lot of

Tim Eyman, the longtime anti-tax advocate and serial initiative promoter who was found liable last year for “numerous and particularly egregious” violations of campaign finance law, has been forced to sell his house to help pay off millions of dollars of fines and debt .

A federal bankruptcy judge Thursday approved a resolution requiring Eyman to sell his portion of a Mukilteo house to his ex-wife. The $900,000 in proceeds will go toward paying off the more than $5.6 million in sanctions and legal fees he owes the state of Washington and other creditors.

Eyman was fined more than $2.6 million in February 2021 after a Thurston County judge found he had enriched himself by laundering political donations, had accepted kickbacks from a signature-gathering company, secretly shuttled money between initiative campaigns and concealed the source of other political contributions.

In the history of Washington state’s campaign finance law, “it would

Henrik appears on Yahoo Finance to discuss Fisker Ocean, PEAR, production, supply chain issues, asset-light strategy, and EV Tax Credit.

Today, Henrik Fisker appeared on Yahoo Finance to talk about Q2 2022 earnings, Fisker Ocean, PEAR, reservations, production, EV tax credit legislation, and more.

Henrik talks about 55 prototypes that Magna has already built. The host asked about just starting production on the Fisker Ocean.

Henrik stressed the company has been building the Ocean with Magna for over a year. He said Fisker isn’t just starting production, rather working with an existing contract manufacturer like Magna.

Test Vehicles

The host asked about the test vehicles arriving in Los Angeles. Henrik says he is impressed with the Fisker test cars. He said having 30 years of experience in the automotive industry the vehicles are great, but he wants perfection. Henrik went on