Image: Getty Images/Oscar Wong
After a run of thefts from Decentralized Finance (DeFI) platforms, the Federal Bureau of Investigations (FBI) has warned that criminals are increasingly exploiting bugs in these platforms to steal investors’ cryptocurrency.
The FBI has issued a warning to investors who pour money into DeFI platforms that they could be exposing themselves to financial losses due to vulnerabilities in the smart contracts governing the platforms.
DeFi is an emerging digital financial infrastructure that theoretically eliminates the need for a central bank or government agency to approve financial transactions, and is deeply connected with the evolution of blockchain technologies.
But now the FBI warns that investors are getting burned by attackers exploiting vulnerabilities in smart contracts.