Flying Tulip adds circuit breaker as DeFi hacks top $600M this month

Flying Tulip, a DeFi platform under development by Sonic (S) co-founder Andre Cronje, has introduced a circuit breaker feature to delay withdrawals during abnormal fund outflows, Cointelegraph reported. This safety measure comes amid a surge in DeFi hacks this month, with losses exceeding $600 million. The platform's new system is designed to permit transactions even if a fault occurs. Exploits of Drift (DRIFT) and Kelp DAO account for 95% of the total losses this month.