In this article, we will explore this topic in-depth and mention the most common threats and possible solutions to this problem. According to Chainalysis, in 2023, the decentralized finance sector experienced a reduction in the number of funds received in wallets related to illicit activities. In 2022, this analytics platform detected an inflow of funds into “malicious” wallets worth $39.6 billion. While in 2023, the number reduced to $24.2 billion. The reduction is significant, but the figures are still daunting. These estimates only cover detected wallets. DeFi systems continue to experience failures, attacks, and huge losses. Below, we will discuss all of these and the solutions available.
Exploring DeFi Security
11 months ago by vanticatrading (36)