April 19, 2024
Security News

Centralization Caused Most Decentralized Finance Hacks in 2021

  Centralization issues have emerged as the main attack vector in decentralized finance (DeFi), facilitating the largest share of the hacks -- with USD 1.3bn worth of user funds stolen in 44 DeFi attacks last year, according to a recent report by security-focused ranking platform CertiK. CertiK’s experts say they identified some 286 discrete centralization risks throughout the 1,737 audits they performed in 2021.... Read More: Centralization Caused Most Decentralized Finance Hacks in 2021