Apr 25
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$290 million wiped out. Not by a genius hacker — by a default setting nobody changed. This is the story of how one unchecked configuration brought down a DeFi protocol and triggered a $14 billion exit from the entire crypto market. **In this video:** - What actually happened in the Compound Finance governance exploit - How a single default parameter became a nine-figure catastrophe - Why DeFi protocols are more fragile than most people admit - What this means for where crypto liquidity is heading next - The one lesson every crypto investor needs to take from this **TIMESTAMPS** 00:00 Intro — The $290M Default Setting 01:45 What Is Compound Finance? 03:10 How the Governance System Works 05:00 The Exact Moment It All Went Wrong 07:20 The $14 Billion Exodus Explained 09:30 What This Means for DeFi Going Forward 11:00 Final Takeaway This isn't just a cautionary tale about one bad protocol. It's a warning about how fast things unravel when nobody's paying attention to the boring stuff. 📊 Hit subscribe and turn on notifications so you never miss a breakdown like this. Your edge in the market. 📊 #crypto #defi #cryptonews #bitcoin #ethereum #compoundfinance #cryptoinvesting #blockchain #web3 #cryptocrash #cryptoexplained #defiprotocol #cryptorisks #altcoins #cryptoeducation #decentralizedfinance #cryptomarket #investingtips #financenews #moneymistakes Music: Kevin MacLeod (incompetech.com) · Licensed under CC BY 4.0