DeFi: April headlines

- Treasury Releases 2023 DeFi Illicit Finance Risk Assessment, the assessment highlights that "illicit actors, including criminals, scammers, and North Korean cyber actors are using DeFi services in the process of laundering illicit funds" and proposes measures to strengthen U.S. AML/CFT regulatory supervision (source)
- SEC’s Proposed ‘Exchange’ Definition: “The SEC’s proposal to replace ‘orders’ with ‘trading interest;’ remove ‘multiple’ before ‘buyers and sellers;’ and add ‘communication protocols’ would meaningfully expand the SEC’s ability to enforce registration requirements against DeFi protocols that perform the functions of securities exchanges” (source)
- What DeFi Must Sacrifice to Appease Regulators? SEC pushes towards programmable compliance, regulation and privacy-preserving Identity (source)
- Older Version of DeFi Yield Aggregator Yearn Finance Exploited for $11.6M: attacker minted 1.2 quadrillion tokens by exploiting a Yearn vulnerability, selling them for $11.6 million in stablecoins (source)
- Deposits to zkSync surpass $110M as its DeFi ecosystem explodes: crypto traders are actively investing in projects launching on zkSync as the hype around its potential governance token airdrop increases (source)

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