In the last few months, hackers have taken over half a million dollars from the decentralized finance industry (DeFi), and it seems that the situation is spiraling out-of-control.

According to recent statistics, there are approximately $1.6 trillion in DeFi platforms were hacked to steal cryptocurrenciesIn the first quarter 2022. Over 90% of the pilfered crypto comes from DeFi protocols that have been hacked.