Many Hackers Profited During News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Marie Tatibouet, CMO at Gate.io
Looking at the current DeFi landscape, it is impossible to underestimate the sheer level of innovation taking place every single day. Since the beginning of 2020, the DeFi sector has grown from $0.70 million to $65 billion. That’s a >9000% increase in valuation. 
However, such explosive growth and innovation come at a price. The DeFi space is a very alluring hunting ground for hackers because it is still nascent and immature despite the brainpower involved. Every other week, some protocol or the other gets hacked or rug-pulled. Of course, certain platforms have more rug-pulls than most, but that’s because they are mostly BS.  ....

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