Figuring Out Who’s to Blame for DeFi’s Persistent Security Issues
Cointelegraph
Published Aug 13, 2020 11:30AM ET
Updated Aug 13, 2020 01:00PM ET
The decentralized finance sector continues to gain unprecedented popularity as the total value of assets locked in DeFi products doubled to over $4 billion in July and is now approaching the $5 billion mark.
At the same time, an increased demand for such applications among users and developers makes it a target for bad actors, given the lure of direct access to funds. Over the past few months, hackers have stolen over $27 million from DeFi projects, and more attacks are expected to come in the near future. If this is the case, does the DeFi sector rely strongly on Ethereum for security, and will the ETH 2.0 launch bring more improvements in that area?
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Written By: Cointelegraph
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