New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Recently, a security research organization released a report revealing a large-scale EVM wallet theft incident. I carefully examined the data, and it is indeed shocking. It’s not just about the surface-level numerical fluctuations; it reflects the real impact that the entire DeFi ecosystem is experiencing.
**How severe are the financial losses?**
Over $50 million has been transferred to hacker wallets, and this number continues to rise. Some users have suffered huge losses, with accounts being wiped out overnight. Major insurance protocols are receiving so many claims that they can’t handle them all, and some insurance products have even reached their coverage limits.
**Ecosystem data reflects the most authentic picture**
The total locked value (TVL) in DeFi has decreased by 15% within 24 hours. Can you feel the panic? Users are frantically withdrawing funds, fearing they might be the next victims. What’s most worrying is that the willingness of new users to enter the market has significantly declined, which is a bad sign for the industry’s growth.
**Key points for wallet security**
Storing private keys and seed phrases online is like leaving your house key downstairs — a high-risk move. Large assets should be stored cold on hardware wallets; don’t wait until something happens to regret it. Additionally, before using any DeFi protocol, check its security audit report and risk assessment. This habit can help you avoid many pitfalls.
This incident actually serves as a lesson for everyone: DeFi offers high freedom, but risk management entirely depends on yourself.