Post
Topic
Board Altcoin Discussion
Re: DeFi protocol Pickle Finance hacked for $20,000,000
by
istiak2277
on 22/11/2020, 12:26:56 UTC
A yield finance protocol Pickle Finance was hacked today for a significant amount.
Pickle finance representatives advised its users to withdraw their DAI balance from Pickle, until the situation gets resolved.
Nearly $20,000,000 DAI was stolen from a wallet belonging to Pickle Finance by an unknown hacker.


https://cryptonews.exchange/2020/11/22/defi-pickle-finance-hacked-with-20-million-stolen/

Some project was in so much hurry in picking up with the trend that they didn't put enough resource for their platform security. That is why we are seeing such an incident like this. We have faced a similar incident in the YAM token too when someone found a bug in their system the whole market collasp. A decentralized platform should be more secure than a centralized one.