DeFi Users Have Lost More Than $12 Billion to Fraud to Date

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DeFi Users Have Lost More Than $12 Billion to Fraud to Date

Reading Time: 2 minutes DeFi users have cumulatively lost more than $12 billion to hacks and exploitations to date, $10.5 billion of which came in 2021. The majority of decentralized protocols practice poor cybersecurity measures, according to Elliptic. More than 70% of the lost funds come from the projects built on the Ethereum blockchain…
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