'Recent Hacks in the Crypto and Defi Spaces Show the Security Loopholes' defi crypto
market hit a total value exceeding $3 trillion
Top cryptocurrencies had massive gains in 2021 as well, and we saw growth in institutional adoption. Bitcoin Treasuries data shows that . This is a far cry from the $38 billion that the industry had in total value locked at the start of the year. All of these metrics prove significant growth of the industry and the expansion of opportunities across different fields.
Similar to other early-stage industries, DeFi has faced several considerable challenges. One of them is the security issue that’s become acute in recent years. The thing is thatProgress Being Made, But More Work to Be Donenumber of blockchain and crypto-related data breachesHeading into 2021, many believed that the DeFi space had outgrown these security issues.
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