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According to BitcoinCasinos.com. DeFi was the favourite target of hackers and cybercriminals, accounting for 73% of successful crypto exploits.
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Edith Reads, a specialist from BitcoinCasinos, had this to say. “While DeFi platforms promise financial inclusivity and freedom from traditional banking systems, an alarming trend has surfaced, marked by a surge in scams, rug pulls, and fraudulent schemes.
As the DeFi space grows, so do the opportunities for malicious actors to exploit vulnerabilities in decentralized protocols, leading to substantial financial losses for unsuspecting investors. This alarming trend underscores the importance of robust regulatory frameworks, thorough due diligence, and investor education in the crypto industry.”
The full story and statistics can be found here: DeFi Remains Primary Focus Of Successful Exploits, Accounting For 73% In Q3 2023
