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18-11-2021, 08:15 PM
18 Nov 2021 06:54PM
(Updated: 18 Nov 2021 06:53PM)
LONDON : Fraud and theft at decentralised finance platforms has totalled US$10.5 billion so far this year, research showed on Thursday, laying bare the risks in the fast-growing but still mostly unregulated area of cryptocurrencies.
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crime is also booming in the mostly unregulated sector, according to London-based blockchain analytics firm Elliptic. Users have suffered over US$12 billion in losses through crime at DeFi apps, lending platforms and exchanges since 2020, with the majority of losses coming in 2021 alone
Bugs in code and design flaws allow criminals to target DeFi sites
https://www.channelnewsasia.com/business...ws-2322726
(Updated: 18 Nov 2021 06:53PM)
LONDON : Fraud and theft at decentralised finance platforms has totalled US$10.5 billion so far this year, research showed on Thursday, laying bare the risks in the fast-growing but still mostly unregulated area of cryptocurrencies.
......
crime is also booming in the mostly unregulated sector, according to London-based blockchain analytics firm Elliptic. Users have suffered over US$12 billion in losses through crime at DeFi apps, lending platforms and exchanges since 2020, with the majority of losses coming in 2021 alone
Bugs in code and design flaws allow criminals to target DeFi sites
https://www.channelnewsasia.com/business...ws-2322726
