Riches await BlackRock in demystification of DeFi

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Trading crypto on non-traditional platforms, or DeFi, exploded 10-fold to $150 billion this year. The growth threatens traditional financial firms, but BlackRock and others can reshape speculative aspects if they join the fun, says GinaChon.

Cryptocurrency platform Poly Network tweeted on Aug. 17 that it wants the hacker who stole $610 million but returned most of the funds to be its chief security officer.

The company had also offered a $500,000 reward to the person or group it dubbed Mr White Hat, a term used for people who breach online systems to expose their vulnerabilities that need to be fixed. Poly Network is a decentralized finance platform that allows users to transfer or swap tokens across different blockchains.A U.S. one dollar banknote is seen in front of displayed stock graph in this illustration taken May 7, 2021.

 

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