So lately there's one of DeFi platforms (
Akropolis) that has
admitted they got hacked (over 2 million in DAI) through a flash loan attack recently.
“At ~14:36 GMT we noticed a discrepancy in the APYs of our stablecoin pools and identified that ~2.0mn DAI had been drained out of the yCurve and sUSD pools,” the project reported in a statement released the evening of November 12.
[...]
The attacks seemingly come as a surprise for Akropolis, which said the pools had undergone two independent audits. “However, the attack vectors used in the exploit were not identified in either audit,” it said “The essence of the exploit in question is a combination of a re-entrancy attack with dYdX flash loan origination.”
Read the full article -> https://decrypt.co/48081/defi-platform-akropolis-admits-to-being-hacked-for-2-millionPreviously there are several DeFi got the flash loan attack as well such as Harvest finance and bZx.
What's your thought about it? Does DeFi are too vulnerable to be attacked?
These platforms will improve their way up to be secure with time because as with every new thing it has many requirements to perform ideally which can take a lot of time and effort that is why i say that give defi some time and we will see huge improvement. I expect defi platforms to be very secure and professional in 2 to 3 years time.