The number of thefts of funds from crypto projects is not decreasing. Most of the incidents are related to smart contract vulnerabilities you need to know. - cc: twingatehq cybersecurity cybersecurity
In the first quarter of 2022, hackers stole $1.2 billion from DeFi protocols through vulnerabilities in smart contracts. Even though there are methods to protect dApps smart contracts from hacks and exploits, the amount of lost and withdrawn funds continues to grow. This undermines user reliance in the whole crypto sphere and especially DeFi, which undergoes the larger half of attacks. How to protect your project from hacking - read in the article.
Many of the tips above may seem obvious, but as crypto crime statistics show, not all protocols follow them. Exploits and hacks of smart contracts ultimately lead to loss of reputation, reduce industry credibility and attract the attention of regulators. Therefore, it is especially important to monitor the security measures of your project.
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