Dozens of DeFi systems have been hacked over the past year, and the trend doesn’t seem to be abating.
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.
These figures highlight a dire situation that is likely to persist over the long term if ignored.<
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