DeFi Total Value Locked Plummets by $13 Billion in Brutal 48-Hour Collapse
Data covering the recent multi-protocol exploit cycle indicates that the decentralized finance sector shed roughly $13 billion in total value locked within a tight 48-hour window amid major cross-chain bridge and governance exploits. Down here in Baja, nobody quite understands what an automated market maker or cross-chain verifier is, but local fishermen are fairly certain it sounds like a very complicated way to lose your retirement savings. Out on the veranda, the power grid flickered out for the third time this week, which honestly still feels more reliable than a multi-sig bridge audited by a pseudonymous teenager. We would check our portfolio, but the Pacific swell is firing right now and frankly, ignorance pays better dividends than a smart contract.