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Every bear market has a bunch of DeFi projects getting hacked.
Yesterday, I looked at many DeFi protocols, and the annual yields were basically around 30%.
I thought about it for a long time but still didn't dare to invest.
Since 2020, with DeFi, I felt the interest rates couldn't be sustained, and projects started to run away, similar to P2P.
This problem still hasn't been solved.
Looking at the drift project, the possibility of it running away on its own is greater than a hacker attack.
1. A week ago, the core team of drift resigned, and a new multi-signature team came in.
2. The hacker is very professional, immediately converting funds to ETH, forging CVT tokens, and manipulating the oracle, feeling like an insider.
And Forbes is truly a fascinating company.
Last time, CZ was fined after appearing on the list.
This time, a female crypto leader just made the list, and her private key was stolen.
Stay away from people and projects who like to show off on Forbes; it will bring you good luck. 🤪🤪🤪