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The Abracadabra hack adds another ~$7m in losses to the $125m already lost to date in other exploits. It doesn't have to be this way. How Protocol Cover protects your productive crypto assets against the greatest risks in DeFi: https://docs.nexusmutual.io/overview/cover-products/protocol-cover
Demystifying DeFi Hacks π΅οΈ This is start of a new series where we'll be reviewing common vulnerabilities in terms anyone can understand, with new posts arriving every Friday. Today, we'll talk about reentrancy attacks and look at a case study π https://twitter.com/NexusMutual/status/1753425564453712016
Every year, everyday users and funds lose billions due to hacks and exploits on chain. The causes stem from technical AND economic vulnerabilities in DeFi protocols π£ We designed Protocol Cover to protect against smart contract + economic risks π https://twitter.com/DefiantNews/status/1755615473952293160?s=20
Over the last several years, DeFi users have lost more than $7.8b due to onchain hacks/exploits. In 2024, we're on a mission to protect our fellow onchain people and farmers against DeFi's greatest risks. Tell us how we can work with your team or help protect more DeFi users like you in 2024 π