Prioritizing first-mover advantage over security makes the Defi protocol vulnerable to hacking – Nikita Ovchinnik

According to Nikita Ovchinnik, founder of Barter Defi, decentralized finance (defi) protocols are increasingly becoming the primary target of most hacking attacks because Defi “opens up its inner workings for everyone to see.” He said that the open-source nature of DeFi means that hackers and malicious actors have ample time to research and identify weaknesses or vulnerabilities (…)