crypto has lost $27.6 billion to hacks so far. about $9.3 billion came from defi and another $3.7 billion was stolen from bridges. since defi code is public and holds real money, attackers can study it for weaknesses, and transactions are irreversible, so stolen funds are usually hard to recover. i’m not saying defi is bad. i like it and i believe in it. but it comes with the bigger risk in the crypto market. my rule: don’t put all your money in one protocol. stick to apps that have been audited and have been around for a while. and if a yield sounds too good to be true, it probably is. the tech is still early and the risks are real. source: @DefiLlama
MatiShare

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.