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❕NEWS As DeFi on BCS gains more popularity, attackers looking for loopholes to drain money

ElPaule

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During the last months there has been many news about external attacks against DeFi projects. BurgerSwap, PancakeBunny and others - just to name a few- has been popular victims of attacks. There are approaches from Binance to keep the BSC safe but the potential outcome of a successful raid will attract more black hats. I still see lots of chances in DApps but there also risks, when funds are flushed from projects. Binance blogs about their approaches to make BSC safer and reduce the risk for projects, because successful attacks on a BSC based DApp is always also bad news for the smart chain it self and therefore bad news for Binance. But still, the number of projects are growing and therefore the number of rats looking for a quick win...

Do this threats have any influence to your investments decision?
 
Not really I don't bother too much. One thing is that the attacks will always come to wherever money is. It's a gamble between being too safe with no money,,or taking the risk to do what you want
 
Not really since im sure they're continuing to strengthen their security and people wouldn't get held accountable if they lost money which means they will be compensated like other exchange do
 
Most of these attacks are meant to destroy the good thing defi is bringing to cryptocurrency world and as such it will affect their progress
 

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