Another pain point case. Unleash Protocol was recently hacked, resulting in a direct loss of $3.9 million. The attacker obtained 1337.1 ETH, and after transferring to the Ethereum network, they immediately moved it into a mixing service to hide their tracks — this method has now become the standard operation process for hackers.

Honestly, the frequent occurrence of such incidents indeed exposes some internal issues within DeFi projects. Smart contract vulnerabilities, improper permission management, and a risk control system that is virtually non-existent are all fatal flaws. Project teams cannot just focus on gaining users and increasing traffic; security audits, emergency response plans, and fund isolation are fundamental tasks that must keep pace.

For those involved in DeFi, this is a wake-up call. When choosing projects, don’t just look at APY returns; the audit reports, team reputation, and insurance coverage are critical indicators that need to be carefully examined. It’s easy to put your money in, but if something like this happens, you might never get it back.