The Dark Side of DeFi—HackFi

The DeFi boom ignited market sentiment in 2020, but as applications developed, new risks quietly emerged. According to Odaily Planet Daily's incomplete statistics, from the bZx lending and trading protocol theft in February to the collapse of the star insurance project Cover Protocol at year-end, over 40 attack incidents occurred in the DeFi field in 2020, with losses totaling $177.4 million (of which approximately $49.39 million has been recovered, complete details in the table below).