This is really sad news as hacking in these times is the last thing they needed, and I don’t think they’ll ever recover their lost funds and now I’m just hoping that they find a way to survive in these testing times. Further it’s been claimed that this hack was possible due to a bug that they failed to fix, and it’s really sad that they didn’t take better precautions to protect their funds.
This is bad news. Trust in DeFi Prime will be broken. Security class deFi can be hacked. We need to learn from here so that our assets are safe. Crypto blokchain has a risk, more secure if stored in the cloud, trezor wallet ofline.
I feel like DeFi was on such a roll before this, the last flash loans attack was much smaller and the impact wasn't so bad.