Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on November 15, 2020, 08:52:42 AM
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After the crurical news of Kucoin hacked ,this is the another bad new for DeFI projects investors. Defi flash loan attacks more than $6 millions dollars.
Read more about the news: https://www.coindesk.com/value-defi-suffers-6m-flash-loan-attack
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There are so many cases of DeFi being hacked, I am doubtful about investing in the DeFi project if hackers are always aiming for DeFi projects lately
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Such incidents at DeFi will have a big impact. But really very disappointing. If DeFi is the main target of hackers, the amount of resources will start to decrease further. Because investors will take away the investment. It would be like a heinous event in the market.
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The phenomenon of Kucoin hack is noticed all over the world. The hacking of Kucoin has had a huge impact on the exchange. However, it is unknown at this time what he will do after leaving the post. But good luck for the future. Any hack brings bad news for the cryptocurrency market. So the previous incidents are certainly reprehensible. If DeFi happens like this, there will be a chance of damage.
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There are so many cases of DeFi being hacked, I am doubtful about investing in the DeFi project if hackers are always aiming for DeFi projects lately
Nowadays most of the decentralized finance projects are becoming scams . So be careful and invest carefully. Don't invest in fake projects with fake exchange application.
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Nowadays most of the decentralized finance projects are becoming scams . So be careful and invest carefully. Don't invest in fake projects with fake exchange application.
Right, I think the DeFi risk is very high. therefore should choose a trusted DeFi
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My trust in the exchange has skyrocketed since I received this news that Kucoin has been hacked. In spite of such security, if something is hacked, then day by day faith will disappear from people's minds. So I think we have to complete the security so that no one can ever hack.
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Nowadays most of the decentralized finance projects are becoming scams . So be careful and invest carefully. Don't invest in fake projects with fake exchange application.
Right, I think the DeFi risk is very high. therefore should choose a trusted DeFi
In fact, despite the many risks involved in DeFi, people are investing heavily in it these days. Because it can be seen that much profit is available from it in a short time. This is why scammers get the opportunity to run many scam projects as it is very popular at present. Therefore, it is important to invest wisely, otherwise there will be a huge loss.
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After the crurical news of Kucoin hacked ,this is the another bad new for DeFI projects investors. Defi flash loan attacks more than $6 millions dollars.
Read more about the news: https://www.coindesk.com/value-defi-suffers-6m-flash-loan-attack
Yes recently many unaspected hacking phenomena occurring in the cryptocurrency market which already hampered the market acutely. Many investors are leaving cryptocurrencies market due to stollen and hacking.
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Almost issues seems all about DeFi or exchange. I wonder if what is the motive of hackers to did that because it is serious and could destroy the project instantly. Of course the investors will think they are not safe anymore in that project so they will transfer their money into another.
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Never before has a project built on a modern blockchain, with very smart contracts be hacked so easily... The problem lies in the perfection of the project when the #DevelopmentTeam does not have enough time to anticipate emerging events related to platform operations.