Over the past 12 months, decentralized finance (DeFi) platforms have suffered hacks totaling $1.1 billion, prompting OpenZeppelin's co-founder to advise caution. The security expert suggests that participants consider exiting the space due to ongoing vulnerabilities.
The future of institutional involvement in DeFi remains uncertain, with industry leaders like Jonathan Zettler from Kraken, Sun Raghupathi from Veda Labs, and Anthony DeMartino from SentoraHQ set to discuss the issue. A live discussion is scheduled for today at 11:30 am ET, where these experts will explore whether institutions will continue to engage with DeFi despite the security challenges.
OpenZeppelin Co-Founder Warns of $1.1B in DeFi Hacks, Urges Caution
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