[Jefferies: Hacking Attack Causes Nearly $300 Million Loss to Crypto Project] According to a report from Jefferies cited by Bloomberg, a hacking attack over the weekend resulted in nearly $300 million in losses for a small crypto project and triggered approximately $10 billion in fund outflows from the largest decentralized lending platform. Andrew Moss, a member of Jefferies' digital asset research team, stated that this attack, allegedly carried out by North Korean hackers, could prompt traditional financial institutions to pause the development of blockchain-based products and reassess risks.