The post Crypto Weekly Hack Report: ThorChain, Phemex, and Meme Coin Scams Shake DeFi appeared first on Coinpedia Fintech News
This week has been a challenging one for decentralized finance (DeFi) projects and crypto exchanges, with major setbacks highlighting vulnerabilities in the ecosystem. ThorChain announced insolvency, leaving a $93 million deficit, while Singapore-based exchange Phemex suffered a $70 million hack. Meanwhile, scams and malware targeting meme coins and crypto wallets have surged, posing new risks …