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DeFi Apps display their soft underbelly - Defi and Crypto deal with another pair of 9-figure hacks

Decentralized Finance protocols are harder to run than they look. There are multiple points of failure for platforms including smart contract exploits, flash loan attacks, and rug pulls by anonymous employees. In the las...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

DeFi Apps display their soft underbelly - Defi and Crypto deal with another pair of 9-figure hacks
Decentralized Finance protocols are harder to run than they look. There are multiple points of failure for platforms including smart contract exploits, flash loan attacks, and rug pulls by anonymous employees. In the last six weeks, two more US$100 million DeFi hacks have occurred in the crypto space, highlighting the sector's ongoing vulnerability.

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This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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