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DeFi Hacks Surge, Industry Seeks Guardrails
Description
Aprils DeFi Hacks: A Call for Better Guardrails
The crypto world was hit hard in April with massive losses from DeFi hacks, including Drift and KelpDAO. Experts like State Streets Angus Fletcher emphasize the need for immediate solutions to attract traditional finance giants. Cross-chain issues and regulatory uncertainty pose significant challenges, with institutions managing billions in assets seeking safe parking for their digital wealth. As DeFi scales, addressing these basics will pave the way for big money to flow in securely, mitigating hack risks.
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