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Cryptocurrency Ecosystem => DeFi tokens => Topic started by: hair on November 26, 2020, 04:40:02 PM

Title: Hackers Have Stolen $100 Million From Defi Projects This Year
Post by: hair on November 26, 2020, 04:40:02 PM
We may not forget the Kucoin case being hacked which was mostly a DeFi project.

In first six months of 2020, 45% of all thefts were Defi hacks, equating to about $51.5M — 40% of hacked volume for that time period. So far, in second half of 2020, Defi has dominated 50% of all thefts, equally roughly $47.7M — 14% of hacked volume for this time period.

Source : https://news.bitcoin.com/hackers-stole-100-million-defi-projects/

What happened to the DeFi project right now?
Is it because of a weak security system? Or is the project team not careful in collaborating with third parties?
what do you think?

Related post : Hacker Telah Mencuri 100 Juta Dollar dalam Proyek DeFi (https://www.altcoinstalks.com/index.php?topic=180900.0)
Title: Re: Hackers Have Stolen $100 Million From Defi Projects This Year
Post by: mlawson71 on November 26, 2020, 05:42:01 PM
21% of the total volume of cryptocurrency related crime in 2020 has been DeFi-related crime. (https://www.forexbrokerz.com/news/defi-exchanges-protocols-crypto-theft-hacks-2020) That's a staggering number.
Title: Re: Hackers Have Stolen $100 Million From Defi Projects This Year
Post by: EAA-ALLAH on November 27, 2020, 03:16:07 PM
Quote from: hair on November 26, 2020, 04:40:02 PM
We may not forget the Kucoin case being hacked which was mostly a DeFi project.

In first six months of 2020, 45% of all thefts were Defi hacks, equating to about $51.5M — 40% of hacked volume for that time period. So far, in second half of 2020, Defi has dominated 50% of all thefts, equally roughly $47.7M — 14% of hacked volume for this time period.

Source : https://news.bitcoin.com/hackers-stole-100-million-defi-projects/

What happened to the DeFi project right now?
Is it because of a weak security system? Or is the project team not careful in collaborating with third parties?
what do you think?

Related post : Hacker Telah Mencuri 100 Juta Dollar dalam Proyek DeFi (https://www.altcoinstalks.com/index.php?topic=180900.0)
Recently hacking and scamming a common phenomena in cryptocurrencies market. Kucoin , dai defi , pickle , plus token scamming and more than $100 millions DeFi projects scamming already hampered the market.
Title: Re: Hackers Have Stolen $100 Million From Defi Projects This Year
Post by: Casual on November 28, 2020, 03:19:22 AM
In fact, I have seen many impossible things made possible by hackers.  A few days ago I saw that Kucoin has been hacked.  Again I noticed some scamming in the DeFi project.  As it turns out that investors are more inclined towards DeFi, some projects are being scammed.  And from there, investors are losing a lot.
Title: Re: Hackers Have Stolen $100 Million From Defi Projects This Year
Post by: H2O on December 01, 2020, 08:31:31 AM
Quote from: mlawson71 on November 26, 2020, 05:42:01 PM
21% of the total volume of cryptocurrency related crime in 2020 has been DeFi-related crime. (https://www.forexbrokerz.com/news/defi-exchanges-protocols-crypto-theft-hacks-2020) That's a staggering number.
Undoubtedly and unfortunately it's a bad signal for our Cryptocurrency market. However we are in better position now and bitcoin market today goes to all Time high record.
Title: Re: Hackers Have Stolen $100 Million From Defi Projects This Year
Post by: hair on December 01, 2020, 11:34:43 AM
Quote from: Casual on November 28, 2020, 03:19:22 AM
As it turns out that investors are more inclined towards DeFi, some projects are being scammed.  And from there, investors are losing a lot.
Seem investors are not deterred from investing in DeFi, until now DeFi is still favored by investors even though there have been many cases of hackers