The exploit showed that human failings, not technical glitches, are the most important factors in such incidents, says INSEAD's Ben Charoenwong.

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For instance, fan control applications were affected, leading to fans running at high speeds after the tool was quarantined.

The protocol's lvlUSD stablecoin hit $80 million market capitalization since its beta launch and outperformed rival yield-generating stablecoins, founders told CoinDesk in an interview.