Hack Summer Continues with Acala Becoming the 4th Victim in August, 'We’ll See More Attacks'
A scorching hot DeFi hack summer continues with the Acala incident, and an industry insider argues we'll see more of these attacks.
DeFi, or decentralized finance, is one of the biggest things in the blockchain and cryptocurrency industry right now, and it does pretty much what its name suggests. That is, it uses blockchains, smart contracts and/or cryptoassets to deliver financial services to customers, be these loans, payments, remittances, derivatives, or investments.
A quick 3min read about today's crypto news!