[85065] New Report: DeFi System Hacks Led to $13 Billion Outflow from the Market

A Blow to the Decentralized Finance Sector: April Hacks Led to a $13 Billion Leak

According to a new study published by the crypto exchange Binance, this past April was fraught with severe security incidents in DeFi (decentralized finance) systems. According to the report on Coingraph | News, these hacks were the direct cause of a "capital outflow of $13 billion" from the affected protocols.

The data highlights the growing vulnerability in the field, with the channel BITCOIN & CRYPTO POST also reporting on the event as 🚨, noting that the figure is based on a comprehensive review by Binance. The reports underscore investor concerns regarding technological failures in smart contracts.

Crypto Trading & Financial News channels also echoed these figures, noting that "DeFi hacks in April led to the departure of $13 billion from the sector." It appears the consensus surrounding these figures stems from an analysis of on-chain data collected by the research department of the Binance exchange, which is considered the most central and authoritative source regarding liquidity and capital flow in the crypto market.