Post
Topic
Board Altcoin Discussion
Re: DeFi protocol Pickle Finance hacked for $20,000,000
by
optimisticcm
on 22/11/2020, 14:11:03 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/
If this continues then i fear that DeFi projects could get under the radar of the regulators because after losing money the investors can complain to regulators and other investigative agencies which may pave way for kyc and verification stuff for defis as well.