Centralization Caused Most Decentralized Finance Hacks in 2021

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Centralization issues have emerged as the main attack vector in decentralized finance (DeFi), facilitating the largest share of the hacks — with USD 1.3bn worth of user funds stolen in 44 DeFi attacks last year, according to a recent report by security-focused ranking platform CertiK.
CertiK’s experts say they identified some 286 discrete centralization risks throughout the 1,737 audits they performed in 2021….
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