A significant event occurred in the DeFi ecosystem with the recovery of $1.84 million in funds from the Foom Cash protocol by a white hat hacker. The hacker, known as Duha, identified a verifier misconfiguration and secured the majority of funds before malicious actors could drain them.
Meanwhile, Pepeto's dual audits have shown zero vulnerabilities, demonstrating its commitment to security. This achievement is particularly notable given the recent Foom Cash exploit, which highlights the importance of robust security measures in DeFi projects.
The crypto ETP market has also seen a rebound, attracting $1 billion in net inflows after five weeks of outflows. This development suggests that institutional capital is increasingly interested in the space and may be identifying entry points for investments.