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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.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.