December 23, 2024
Blockchain and Cryptocurrencies

Over 70% of Hacked Funds Are Lost to CeFi Entities

Introduction The rise of cryptocurrency has revolutionized the financial world, offering decentralized alternatives to traditional banking systems. However, with this innovation comes an increase in cybersecurity threats, particularly in centralized finance (CeFi) platforms. Recent studies reveal that over 70% of hacked funds are lost to CeFi entities, highlighting significant vulnerabilities in these systems. Understanding CeFi

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