Welcome to Finance Redefined, your weekly source for the latest developments in decentralized finance (DeFi). In this edition, we cover a range of topics, including a hacker’s demands for control over KyberSwap, Australia’s confusing crypto tax guidance, the potential of DeFi to solve Africa’s foreign exchange problems, and Wormhole’s recent funding round.The KyberSwap hacker, who stole $46 million, has outlined their demands, which include complete control over the Kyber company and its assets. They have set a deadline for the Kyber team to meet these demands. While the demands may seem absurd, the hacker has also stated their intentions to double the salary of Kyber employees and buy out its executives before removing them from the company.In Australia, a law firm has criticized the country’s DeFi tax guidance, describing it as “toilet paper” and suggesting that it will only confuse Australians and reduce their willingness to comply with the rules. The law firm argues that the guidance is non-binding and adds to the overall confusion surrounding DeFi regulations.Meanwhile, a neobank CEO believes that DeFi has the potential to solve liquidity issues in Africa’s foreign exchange market. By providing decentralized foreign exchange for African currencies, DeFi technology could address these challenges. The African DeFi community is expected to grow significantly in the coming years, with experts predicting over half a million users by 2027.In funding news, cross-chain protocol Wormhole has raised $225 million in a recent investment round, led by Brevan Howard, Coinbase Ventures, Multicoin Capital, and others. This investment has valued the company at $2.5 billion. Wormhole previously made headlines after suffering a $321 million hack earlier this year, but venture capital firm Jump Crypto has pledged to replenish the lost funds.Overall, the DeFi market has seen a bullish week, with most tokens in the top 100 by market capitalization trading in the green on the weekly charts. The total value locked into DeFi protocols remains above $47.4 billion.That concludes our summary of this week’s significant DeFi developments. Join us next Friday for more stories, insights, and education on this rapidly evolving space.