Cryptocurrency News

DeFi attacks are on the rise — Will the industry be able to stem the tide?

05/14/2022

Less than a minute

2022.05.14 18:41

DeFi attacks are on the rise — Will the industry be able to stem the tide?

The decentralized finance (DeFi) industry has lost over a billion dollars to hackers in the past couple of months, and the situation seems to be spiraling out of control.

According to the latest statistics, approximately $1.6 billion in cryptocurrencies was stolen from DeFi platforms in the first quarter of 2022. Furthermore, over 90% of all pilfered crypto is from hacked DeFi protocols.

05/14/2022

Less than a minute

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