DeFi continues to be a major target for bad actors in the crypto market, with the total value lost exceeding $20 million. Data from DeFiLlama shows the extent of this damage, with most of the attacks taking place via compromised private keys.

Recent attacks include those against the dForce network, Platypus Finance, and Orion, which are all some of the larger-value hacks that have taken place. Most attacks in 2023 have to do with issues in protocol logic, though there has been at least one rug pull.

(By Rahul Nambiampurath)

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