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A few days after the KelpDAO hack, it seems another DeFi protocol was targeted. This time, the damage appears to be in the millions of dollars, but I really wonder if the security measures are truly sufficient.
Every time I see news like this, I realize how risky DeFi really is. Even small amounts around $350 are vulnerable to hacking, and large-scale funds are in genuinely dangerous situations.
The protocol teams are probably rushing to respond, but from the user's perspective, it's hard to judge how trustworthy the security audits are. There's a constant worry that similar incidents might happen again.