Just in, the DeFi lending protocol bZx has now lost nearly $10 million equivalent currencies to hacks this year.Due to increasing craze in DeFi, I believe so many DeFi platforms came in this existance without solid security adjustments. News like this definitely gives the negative impressions to the investors on DeFi platforms. The bZx, DeFi protocol has been hacked third time this year which resulted to lose $8 million worth currencies in user deposits and unfortunately that much amount is now gone to the criminal's pockets. It indicates a growing pain in the DeFi space.
So guys, what does it means for DeFi? Does this sort of multiple DeFi platforms hacking news indicates DeFi is in extremely experimental mode in the case of crypto sphere ? Reference:-
https://eng.ambcrypto.com/bzx-hacked-again-as-duplication-bug-costs-protocol-8m-in-user-deposits/
https://decrypt.co/resources/bzx-ethereum-defi-decentralized-finance-explained-guide
https://decrypt.co/41718/defi-protocol-bzx-hacked-for-third-time-loses-8-million