Hey Steemit! Welcome! This is our first Weekly Crypto News Round-Up! This is where we will gather together the top crypto news that happened within the week. Read on!

Flawed Code Costs bZx Protocol $8 Million Dollars

bZx Protocol (BZRX), a DeFi lending protocol lost about $8 million dollars last night due to a smart contract bug. The bug allowed attackers to multiply their assets and also increase their balance of interest-bearing tokens on the platform. The attack has drastically reduced the total value locked (TVL) in bZx from $21 million to approximately $6.3 million. [TheBlockCrypto](https://www.theblockcrypto.com/post/77656/defi-protocol-bzx-attacked-lost-8-million-faulty-code?ref=coingecko)

bZx Recovers $8 Million in Funds

bZx Protocol (BZRX) has managed to identify the person who managed to steal $8 million dollars from the project due to an exploit. They were able to track down the attacker using their on-chain activity. After being revealed, the perpetrator returned the funds. [CoinDesk](https://www.coindesk.com/bzx-reclaims-8m-hack?ref=coingecko)

Yam Finance Preps for v3 Launch

Yam Finance v3 is slated to be released on September 18. Liquidity incentives will go live for the YAM/yUSD pairing on September 19, with the first rebase set to occur two days later. The DeFi protocol has been audited by Peckshield, a blockchain security firm. Previously, Yam Finance came to a premature end due to a smart contract bug, the developers then created an interim Yam Finance v2 (YAMV2) as the final and fixed v3 code go through auditing. [CoinTelegraph](https://cointelegraph.com/news/yam-finance-readies-for-less-disastrous-relaunch?ref=coingecko)

Uniswap Launches Governance Token

Uniswap has launched their own governance token (UNI), with 1 billion tokens already minted and ready to be delivered to the community over four years. 60% of the token supply would be allocated to Uniswap community members Subsequently, Uniswap is slated to launch their liquidity mining program on September 18. [CoinDesk](https://www.coindesk.com/uniswap-token?ref=coingecko)

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