Total value locked (TVL) in DeFi protocols barely budged \u2014 $38.5 billion. Lido leads with $14.6 billion, followed by AAVE ($4.86 billion) and JustLend ($4.69 billion) respectively.<\/p>\n TVL in Ethereum applications fell<\/a> to $21 billion. Trading volume on decentralized exchanges (DEX) over the last 30 days stood at<\/a> $35.4 billion.<\/p>\n Uniswap continues to dominate the non-custodial exchange market \u2014 accounting for 57.9% of total turnover. The second DEX by volume is PancakeSwap (15.1%), the third is Dodo (8.3%).<\/p>\n On 23 September an unknown actor breached the cloud service provider Mixin Network and withdrew around $200 million<\/a> in digital assets.<\/p>\n Following Slow Mist analysts\u2019 report, the protocol\u2019s representatives confirmed the incident. According to the statement, the exploit targeted the network\u2019s database. The developers temporarily paused deposits and withdrawals.<\/p>\n BlockSec analysts said the breach could have stemmed from an attack on cloud services where the protocol stored private keys for custodial addresses. As a result, the attacker withdrew funds from around 10,000 wallets, in descending order of balances.<\/p>\n The protocol\u2019s developers proposed a bounty of 10% of the stolen funds for their return.<\/p>\n Mixin Network is a peer-to-peer trading network for cryptocurrencies, designed to scale and speed up transactions. The protocol supports Bitcoin, Ethereum and several other popular coins.<\/p>\n The chairman of the U.S. Commodity Futures Trading Commission, Rostin Behnam stated the case for regulating<\/a> DeFi protocols. He compared the sector to receiving treatment from an unlicensed doctor.<\/p>\n \n“We must not wait for victims to appear. We must act proactively and provide critical market oversight, robust cybersecurity and systemic safeguards, as well as client protection. In this, our mission is […]. If you need an analogy, imagine: would you feel comfortable on the road if only some people were required to have a driving licence? Or, if you had a choice, would you trust an inexperienced or an unlicensed doctor?” \u2014 Behnam.<\/cite><\/p><\/blockquote>\n The volume of illicit crypto assets laundered using cross\u2011chain operations<\/a> reached a record $7 billion<\/a> over the year. Elliptic\u2019s researchers identify three categories of activity:<\/p>\n In Elliptic\u2019s October 2022 report, the first State of Inter\u2011Network Crime, analysts counted $4.1 billion laundered via these means. They estimated that by the end of 2023 the figure would reach $6.5 billion.<\/p>\n \n“However our latest estimates at $7 billion demonstrate that cross\u2011network crime is growing faster than projected,” the analysts stated.<\/cite><\/p><\/blockquote>\n Their view is that the popularity of laundering by such means stems from:<\/p>\n Only via decentralized exchanges did criminals launder $3.9 billion in the 12 months to July 2023. Compared with the previous period, the figure rose by 82%.<\/p>\n Also on ForkLog:<\/p>\n The decentralized finance (DeFi) sector continues to attract heightened attention from crypto investors. ForkLog has compiled the most important events and news of the past weeks into a digest.<\/p>\n","protected":false},"author":1,"featured_media":85460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1299,1233],"class_list":["post-85459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi-bulletin","tag-industry-digests"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=85459"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85459\/revisions"}],"predecessor-version":[{"id":85461,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85459\/revisions\/85461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/85460"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=85459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=85459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=85459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Snimok-ekrana-2023-10-07-v-13.11.19\"](\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-10-07-v-13.11.19-1024x579.png\")
Mixin Network hacked for $200 million<\/strong><\/h2>\n
CFTC Chair reminds of the need for oversight of DeFi projects<\/strong><\/h2>\n
Elliptic: criminals laundered $7 billion via cross\u2011chain solutions<\/strong><\/h2>\n
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