#DeFi安全事件 The large-scale attack that Balancer and its fork protocol suffered this time is truly shocking. A loss of 70 million dollars occurred solely on the Ethereum chain, with total losses reaching as high as 83.6 million dollars. As someone who has long followed the DeFi ecosystem, I must say this is a huge blow to the entire industry.

Looking back at the security incidents of Balancer in recent years, from flash loan attacks to front-end hijacking, and now today's large-scale cross-chain attack, it exposes the potential systemic risks in its underlying architecture. This reminds us to be more cautious when following trades, especially those involving complex Decentralized Finance protocols.

However, it should also be noted that projects like Lido have taken timely measures to withdraw unaffected positions. This indicates that experienced traders have a solid risk management strategy. For us copy traders, when selecting trading targets, we should not only look at returns but also their risk control capabilities.

This incident may cause the adoption of Decentralized Finance to regress by 6-12 months, but in the long run, it might be a good thing. It will force project teams to pay more attention to security and will also make users more rational. In the next period of time, I will pay more attention to those traders who performed well in this incident to see how they respond to the crisis and adjust their strategies. After all, practice makes perfect, and real gold fears no fire.