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defi really needs to tighten up its security fr.
first it was Drift protocol getting hit and a big chunk of tvl gone,
then hyperbridge got attacked too.
now KelpDAO allegedly got exploited for over $290M.
at this point, it’s starting to look like a pattern. and ngl, it’s not a good look for the space.
people are slowly going to lose confidence and start drifting back to kyc platforms where they feel their funds are safer.
trust is literally everything in defi.
once that’s gone, adoption slows down no matter how good the tech is.
hope teams are actually taking security serious before this becomes a bigger problem.