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Saturday, July 5, 2025

Expensive DeFi Hacks Are the Price of Doing Business in Crypto - Bloomberg

In March of 2022, hackers stole about $600 million from a crypto network. It was one of the biggest exploits of this asset class to date, and left many investors shaken. Can a decentralized financial system work if investors get spooked when significant assets are lost? This episode features a roundtable discussion with Bloomberg reporter Olga Kharif and Bloomberg opinion columnist Parmy Olson about the scope and the effect these attacks are having on the decentralized financial marketplace.



Read Full Story: https://www.bloomberg.com/news/articles/2022-06-09/why-expensive-crypto-hacks...

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