Corporate Moves and DeFi Security Challenges Headline Recent Crypto News
Corporate Moves and DeFi Security Challenges Headline Recent Crypto News
Coinbase has relocated its legal base to Texas, indicating a shift towards states with more predictable and innovation-friendly corporate governance. Simultaneously, the DeFi sector experienced significant security incidents in November, with over $220 million lost to hacks on platforms like Balancer, underscoring the inherent composability risks and the urgent need for enhanced safeguards within the crypto ecosystem.
Coinbase’s relocation to Texas signals a turning point in US corporate law, as more companies favor states offering predictability and innovation-friendly governance.
$220 million lost in a day as Balancer and Stream hacks expose DeFi’s composability risks and spark urgent calls for stronger, transparent safeguards.