A recent report by Chainalysis highlights the growing trend of decentralized finance (DeFi) hacks, with over $10 billion in losses in 2022 alone. The majority of these hacks involve smart contract vulnerabilities, emphasizing the need for secure and audited code in DeFi projects.

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Audited code is crucial in DeFi to prevent smart contract vulnerabilities. Investors should prioritize projects with transparent and reliable code to minimize the risk of losses.