We Need Smarter Smart Contracts To Prevent DeFi Hacks

Decentralized finance (DeFi) aims to disrupt the traditional financial world with its promise of greater inclusiveness and faster, anonymous transactions, but to do that it will need to overcome a significant challenge. The smart contracts that govern DeFi are littered with exploitable code that has resulted in millions of dollars of user funds being lost.  Back in August 2021, Liquid Global, a leading Japanese cryptocurrency exchange, suffered a hack that resulted in more than $97 million worth of crypto being stolen.

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