Top 10 Crypto Hacks Total $5.7 Billion, But Proposed DeFi Fix Would Only Have Helped One
BeInCrypto
A proposed DeFi security measure involving tranching and withdrawal limits could have mitigated only one of the ten largest crypto hacks.Summary
The ten largest cryptocurrency hacks have resulted in $5.68 billion in losses. A developer from DeFiLlama proposed a security model using cross-protocol tranching and 24-hour withdrawal limits to protect lending protocols. While this method could reduce the risk of total loss for senior depositors by approximately 80%, analysis shows it would have only been effective in one of the top ten historical hacks. Most major losses stem from centralized exchange failures or cross-chain bridge exploits, highlighting that while DeFi security is evolving, significant vulnerabilities remain in infrastructure and operational security.
(Source：BeInCrypto)