DeFi Exploits and Bridge Attacks Emerge as the Top Deterrents to Wider Crypto-Adoption
Too Long; Didn't ReadBlockchain is supposed to be unhackable in theory but that hasn't been the case with the technology. However, 2022 has seen the hack of several DeFi protocols. The total hacks from 2022 as of the end of October stood at $2.98 billion– the numbers sound normal until you analyze deeper and find that most crypto assets have dropped by over 60%. This level of security breaches in 2021 would be over 3 times the value of crypto assets.