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Finance Redefined: Two DeFi hacks top $120M, and $500M Algo Fund launches, Nov. 26–Dec. 3

Published 12/03/2021, 02:30 PM
Updated 12/05/2021, 04:00 PM

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.

A week packed with positive advancements in the DeFi space including nine-figure fund raises, successful product launches and soaring token prices was somewhat tarnished by the news of two severe security exploits. Read on to get the full scope of developments across the week.

Borderless Capital launches $500M fund to support Algorand ecosystem

Iota prepares to launch decentralized smart contract platform

DeFi projects MonoX and BadgerDAO exploited for $150M

Token performances

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