The Seoul Metropolitan Police Agency has reportedly raided the headquarters of South Korea’s largest cryptocurrency exchange bethumb, over alleged fraud related to a $25 million token sale.
The total value locked in decentralized finance applications has surpassed the $9 billion mark. Data from DeFi Pulse shows that one year ago there were less than $500 million locked in the space, and that its growth was relatively slow up until June of this year, when DeFi lending protocol Compound started distributing its COMP governance token.
A Twitter account linked to Indian Prime Minister Narendra Modi, the Prime Minister’s National Relief Fund (PMNRF), was hijacked by hackers who used to account to trick users into sending them cryptocurrency.
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Top stories in the Crypto Roundup today:
- Authorities Reportedly Raid Headquarters of South Korea’s Largest Exchange Bithumb
- Total Value Locked in DeFi Hits Surpasses $9 Billion
- Hackers Hijack Twitter Account Linked to India’s Prime Minister to Ask for Crypto
- LRC, UMA, XEM Are Moving the Crypto Market
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