LI.FI Hack Steals $10 From Users: How to Protect Your Funds
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LI.FI Protocol breached, causing $10M in losses. Crypto security firms are investigating. Users should revoke approvals for the protocol. The decentralized finance (DeFi) sector has experienced significant growth, on a promise of a future without banks and regulation. However, the lack of these intermediaries also exposes users to risks, including scams and hacks. Most recently, the cross-chain transaction aggregator LI.FI was the latest target of a hack, exposing vulnerabilities in the system. As a result, users lost over $10 million in stablecoins so far. What is more, security experts suggest that more user funds could be at risk. How
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