Yearn Finance exploited $2.8 millon stolen - page 2.

TimeTeller

hero member

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Quote from: blockman on February 05, 2021, 05:29:41 PM

The Defi investors should think of this right now if it's still worth a shot to invest in those. This isn't the first time that we've heard of defi hacks and exploited millions of investors' money.

Quote from: ?? on ??

all the defi platforms offer more or less interesting / promising earnings but they are also at high risk for a hack can happen anywhere as in the example even to larges platforms, i would only make short investments perhaps a little less risky

It is really high risk, high reward. But I doubt it that most of the investors of it understand the matter of risk.

Is it hack or inside job? I am more inclined that there's possibility that most of these defi hacks are inside job.
Or some are on the verge of abandoning their platform so they will pull a stunt of being attacked.
Who knows the truth, right? But come to think of it, do they have working platform? None.
So one thing they can do is to exit and label it as hack. Just my 2 cents here.
Be careful sending your money to these defi platforms. Hard to trust these newly-created ones.

blockman

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Vave.com - Crypto Casino

The Defi investors should think of this right now if it's still worth a shot to invest in those. This isn't the first time that we've heard of defi hacks and exploited millions of investors' money.

Quote from: ?? on ??

all the defi platforms offer more or less interesting / promising earnings but they are also at high risk for a hack can happen anywhere as in the example even to larges platforms, i would only make short investments perhaps a little less risky

It is really high risk, high reward. But I doubt it that most of the investors of it understand the matter of risk.

sgenuine

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Activity: 854

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Quote

I agree, everything about Defi today is just pure hype and despite we have seen them being hack and millions being taken from them, investors are not going to stop though, and that is sad. Instead of making money, the opposite is happening, and the real winner here is the criminals who are going to see loopholes and exploit it.

So it's very risky for everyone, and I do hope that they know what they are doing once they got into the Defi hype.

If DEFI is such a risky and dangerous business why are people giving to it such support. Each of us first of all thinks about profit, realizing that can lose everything at any time. But who, then, invests in dangerous DeFi projects? Inexperienced newbies or, on the contrary, very forward-thinking businessmen?

SaShiRaJaVu

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Quote from: cryptomaniac_xxx on February 05, 2021, 04:32:23 AM

So there's another Defi hack, and it was reported to have been at the tune of #2.8 million as per this tweet,

Usually when there is a market rally we usually hear about these hacks and i was expecting an exchange hack in the tune of multiple millions but we have a DeFi hack, since i am not following these pump markets simply because of financial issues i am yet to understand and learn about them. The valuation of these coins does not make any sense and still with all the money they cannot even test the security of their platform which is pathetic.

Yaunfitda

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Quote from: hd49728 on February 05, 2021, 04:45:18 AM

Quote from: cryptomaniac_xxx on February 05, 2021, 04:32:23 AM

So there's another Defi hack, and it was reported to have been at the tune of #2.8 million as per this tweet,

DeFi tokens are risky to invest as their prices are very high than their intrinsic value. I don't know the exact intrinsic value of DeFi tokens but look at the hype trend on DeFi, I don't take risk with them.

Lock your tokens to their vaults and accept risks of exploits, hacks, price drops, oh no, I don't take it. DeFi projects are not the same in quality for their products and their security, I know, but generally, I see them very risky investment.

I agree, everything about Defi today is just pure hype and despite we have seen them being hack and millions being taken from them, investors are not going to stop though, and that is sad. Instead of making money, the opposite is happening, and the real winner here is the criminals who are going to see loopholes and exploit it.

So it's very risky for everyone, and I do hope that they know what they are doing once they got into the Defi hype.

hd49728

legendary

Activity: 2044

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Not your keys, not your coins!

Quote from: cryptomaniac_xxx on February 05, 2021, 04:32:23 AM

So there's another Defi hack, and it was reported to have been at the tune of #2.8 million as per this tweet,

DeFi tokens are risky to invest as their prices are very high than their intrinsic value. I don't know the exact intrinsic value of DeFi tokens but look at the hype trend on DeFi, I don't take risk with them.

Lock your tokens to their vaults and accept risks of exploits, hacks, price drops, oh no, I don't take it. DeFi projects are not the same in quality for their products and their security, I know, but generally, I see them very risky investment.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

So there's another Defi hack, and it was reported to have been at the tune of #2.8 million as per this tweet,

https://twitter.com/bantg/status/1357453626847952896

So let's see how it goes, seems that the team behind are working very hard to mitigate.

Topic: Yearn Finance exploited $2.8 millon stolen - page 2. (Read 229 times)