🛡️ DeFi Security: Lessons from 2024 Hacks 🛡️

I’ve been following DeFi closely this past year, and if 2024 taught us anything, it’s that security is still the Achilles’ heel of the space. No matter how advanced protocols get, vulnerabilities keep popping up where we least expect them.

🚩 Here’s what stood out to me:
1️⃣ Smart Contract Bugs Aren’t Going Anywhere
Even projects with multiple audits got exploited. Audits are helpful, but they’re not a safety net. Always assume risk exists.

2️⃣ Cross-Chain Bridges = The Weakest Link
Some of the biggest hacks targeted bridges. The complexity of verifying transactions across chains opens up too many attack vectors.

3️⃣ Flash Loan Attacks Are Evolving
Flash loans are like DeFi’s double-edged sword. They allow for innovation, but also for sophisticated exploits, especially in price manipulation.

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Thanks, I'll be on the lookout for those red flags everywhere 600 $DEGEN