Increase in Scale of DeFi Hacking Damage (Q1) - In the first quarter of 2024 alone, a total of $169 million worth of cryptocurrency was hacked across 34 DeFi protocols. - This suggests that security vulnerabilities in the DeFi ecosystem remain serious and require investor caution. - Strengthening robust security audits of protocols and investor protection mechanisms are urgent tasks. [Source: DefiLlama]
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