Post
Topic
Board Altcoin Discussion
Re: DeFi protocol Pickle Finance hacked for $20,000,000
by
Bananington
on 22/11/2020, 14:13:36 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/

This is serious, a major downside to DEFI platforms offering staking, farming, flash loans and other related innovations is security issues. Hackers keep improving on your methods to hack these platforms, hence more focus should be placed on securing DEFI platforms than before. I hope the hackers of pickle finance are tracked and brought to justice.