Amid a wave of hacks that have cost investors billions of dollars worth of cryptocurrency, the FBI is calling on decentralised finance (DeFi) platforms to improve their security.
In a warning posted on its website, the FBI said that cybercriminals are increasingly targeting DeFi platforms to steal cryptocurrency, often exploiting vulnerabilities in smart contracts to part investors from their money.
According to the FBI, the increase in attacks has mirrored the rising interest amongst investors in cryptocurrency, as well as “the complexity of cross-chain functionality and open source nature of DeFi platforms.”
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Source: Tripwire