DeFi Platforms Risk Cyberattacks As The Federal Bureau Of Investigation Warns Investors
Is there are thing wrong in having an open source? Or creating a medium where other deveOps personnel’s can actually contribute to the coding structure of a platform?.
Well in the era of GitHub’s, blockchain technology’s to mention a few of other interesting technologies.
Well the federal bureau of investigation see this differently as they warns investors against open source codes which bus widely in web3 applications and defi platforms. They say that these open source codes makes these platforms pretty much vulnerable to cyberattacks.
The law enforcement agency made a publication on monday stated that;
Between January and March 2022, cyber criminals stole $1.3 billion in cryptocurrencies, almost 97 percent of which was stolen from DeFi platforms, according to the US blockchain analysis firm Chainalysis. This is an increase from 72 percent in 2021 and 30 percent in 2020, respectively.
In the same one pager document which that explained the threat in which it’s possesses they also gave their recommendations;
Investment involves risk. Investors should make their own investment decisions based on their financial objectives and financial resources and, if in any doubt, should seek advice from a licensed financial adviser.
Cyberattacks in the crypto ecosystem is something which I think it should be addressed before it be uncontrollable, looking at the stats. Of the volume of money which has been stolen leaving the investors helpless. Or the rationale decisions which is made by executives of these defi platforms and exchanges.
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