There are a lot of opportunities for DeFi products to prosper on BSV and it is only a matter of time until the tools to get them off the ground launch.
Patrick Thompson takes a closer look at the DeFi hacks of 2020, and how the attacker was able to pull off the exploit resulting in the loss of at least $154 million.
In total, $286,933,760 worth of digital currency and 200 pieces of customer data were stolen from digital currency exchanges in 2020.
DeFi lending platform Warp.Finance has been exploited for $7.7 million by way of a flash-loan attack; the attack comes just one week after Warp launched.
Nexus Mutual founder Hugh Karp had his personal wallet hacked which resulted in over 370,000 NXM ($8 million) being stolen from him.
The Compounder Finance team has rugged pulled its user community and stolen over $10 million dollars right from under their noses.
The DeFi project Pickle Finance is the latest DeFi platform to experience an exploit that resulted in tens of millions of dollars stolen.
A look at the digital currency market bubble we have just entered, the rise in DeFi's total value locked, as well as the behavior anticipated from investors
Origin Protocol, the DeFi project that was exploited for $7.7 million on November 17th, is having trouble compensating exploit victims.
DeFi project Origin Protocol has been exploited for a total of $7.7 million; this is the third DeFi flash-loan exploit attack to take place this week.
DeFi platform 'Value DeFi' has been exploited for $7.4 million via a flashloan attack, shortly after the attack, $2 million was returned to the project.