“Are We an Industry of Clowns?” Curve Founder Blasts DeFi Security Failures

“Are We an Industry of Clowns?” Curve Founder Blasts DeFi Security Failures

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News Michael Egorov, founder of Curve Finance, has called for the development of industry-wide security standards in decentralized finance, amid a surge in recent hacks originating largely from centralized single points of failure. The KelpDAO exploit is one of the latest examples and ranks among the largest DeFi breaches in recent months, shaking the confidence of market participants. In his latest tweet, Egorov went on to explain that many of these incidents are “absolutely preventable” and are increasingly damaging trust in the sector. He pointed to the recent scenario involving Aave, where users were unable to

Source: https://cryptopotato.com/are-we-an-industry-of-clowns-curve-founder-blasts-defi-security-failures/