As you already mentioned, the hacks and bear market have made it look to be dying but it's still in its early days, so we might see some innovative DeFi products and services that are actually secure for users in the not-so-distant future.
Almost all are hoping for that and we cant blame some investors and users for having their fear as scams and hacks arent funny when you talk about million in $ that has been stolen by some lousy exploiters of flaws in one's code. I dont know if this is appropriate since they are trying to emptied funds from a natural defi activity for what? Their own greed and funds to support their more heinous activities. There are some white hackers that doing that only for learning and returning funds to the owners but some really doing it for thieving which isnt good for defi's future.