Balancer suffered a $116 million DeFi exploit with Ether and liquidity pool tokens drained due to smart contract access control issues. The hack showed signs of skilled planning. RedStone launched Credora for DeFi risk ratings. A DeFi alliance formed to advocate for Ethereum with policymakers. DeFi and Web3 gaming led October activity. Most top cryptocurrencies ended the week in the red, with USDX and Paparazzi Token experiencing significant drops.

Read more at Cointelegraph: DeFi Turns Toward Transparency Amid Market Turmoil