In early 2023, the cryptocurrency industry has been characterized by unexpected price pumps and mounting regulatory pressure, yet it’s been a fairly quiet time for the decentralized finance (DeFi) sector.

DeFi, which usually suffers from a near-constant barrage of hacks, scams, and rug pulls, has flown largely under the radar while the likes of Binance and Kraken have faced off repeatedly with the SEC.

However, just because things in that particular part of the cryptosphere appear quieter, doesn’t mean that DeFi hasn’t had its fair share of drama.

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