The European Securities and Markets Authority said that decentralized finance could create greater financial inclusion by providing access to financial products and services without intermediaries.
Crypto heists have stolen at least US$3.8 billion in cryptocurrencies last year, according to blockchain intelligence firm Chainalysis. In 2022, more than 82% of cryptocurrency thefts were made by DeFi platforms.
Binance ICO raised less than US$5 mln in a year, according to Forbes.