Post
Topic
Board Altcoin Discussion
Re: DeFi protocol Pickle Finance hacked for $20,000,000
by
tycsols
on 22/11/2020, 15:59:09 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/
These defi based hacks and thefts should be thoroughly investigated by some competent and professional authority because it could well be that the team or employee gets greedy and steals big sum out because they are the insiders and have access to sensitive information and data for all others i do not think hacking a decentralized, custody free paltform is an easy task.