Three Hacks In a Week- DeFi Applications Display Their Soft Underbelly

Decentralized Finance protocols are harder to run than they look. There are multiple points of failure for platforms including smart contract exploits, flash loan attacks, and rug pulls by anonymous employees. This week three more Defi protocols were hacked, highlighting the sector's vulnerability.

A major issue with bridges between blockchains is smart contract vulnerability. Bridging between blockchains is a complex operation with many moving parts.