[CRYPTO]■ STORY TIMELINE

DeFi EXODUS: $14B PULLED AFTER $570M IN HACKS

Decentralized finance platforms hemorrhaged $14 billion in investor capital following two major security breaches attributed to North Korea-linked hackers. Aave lost $290 million in April, weeks after Drift Protocol was drained of $280 million.

4 SOURCESFIRST SEEN MAY 6, 08:00 AM► READ THE ARTICLE

Techmeme+0m

Sources: DeepSeek is in talks to raise funds, and the Big Fund, China's biggest state-backed chip fund, is seeking to lead the investment at a ~$45B valuation (Financial Times)

Financial Times: Sources: DeepSeek is in talks to raise funds, and the Big Fund, China's biggest state-backed chip fund,…

Techmeme+0m

DefiLlama: investors pulled ~$14B from the DeFi sector after North Korea-linked hackers stole $290M from Aave in April, weeks after stealing $280M from Drift (Financial Times)

Financial Times: DefiLlama: investors pulled ~$14B from the DeFi sector after North Korea-linked hackers stole $290M fro…

Techmeme+1d 21h

Fintech app Toss, used by ~66% of South Korea's 51M people, says its FacePay service, available at 330K retail outlets, has attracted 4.8M users since September (Financial Times)

Financial Times: Fintech app Toss, used by ~66% of South Korea's 51M people, says its FacePay service, available at 330K…

Techmeme+1d 22h

Analysis: the combined free cash flow of Amazon, Alphabet, Microsoft, and Meta is expected to fall to ~$4B in Q3 and hit its lowest full-year level since 2014 (Financial Times)

Financial Times: Analysis: the combined free cash flow of Amazon, Alphabet, Microsoft, and Meta is expected to fall to ~…

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