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


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

Over a billion dollars has been lost to hackers by the Decentralized Finance (DeFi) sector in just a few months. The situation appears to be spiraling outof control.

According to recent statistics, there are approximately $1.6 trillion in DeFi platform was used to store stolen cryptocurrenciesThe first quarter of 2022. Over 90% of the pilfered crypto comes from DeFi protocols hacked.