Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. DeFi will be in focus during the inaugural Commodity Futures Trading Commission (CFTC) tech advisory meeting, where a panel will "explore issues in decentralized finance." Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identity solution to the public nearly a year after announcing its development. The cryptocurrency phishing scammer behind some of the most high-profile and high-value Web3 thefts claims to have packed up shop, saying it was "time to move on to something better." In another DeFi exploit-related development, Platypus Finance has created a portal that enables users to view how much the platform owes them following the recent $9.1 million exploit. The French police have arrested two suspects and seized 210,000 euros ($223,000) worth of crypto in connection with the Platypus exploit. The DeFi market had a bearish start to March, where the price slump on Thursday wiped out most of the gains from the top 100 DeFi tokens. Barring a few, most of the top 100 tokens traded in the red on the weekly charts.
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