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DeFi Exploits Total $1.7B Lost According to REKT Database

·1 min read

BeInCrypto –

There have been so many decentralized finance exploits this year that one protocol has taken steps to develop what it calls a “DeFi REKT database.“

In an announcement on Aug 30, cross-chain asset management platform and DEX aggregator DeFiYield unveiled its latest offering, a database of DeFi scams, hacks, and exploits.

The team has collated a database of rug pulls, vulnerabilities, hacks, dubious projects, and exit scams going back to 2016. It has cumulatively added up the total amount lost which it claims is a whopping $1.7 billion from 2,516 “REKT” projects over the past five years.

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