JPMorgan pours cold water: DeFi security vulnerabilities scare away institutions, KelpDAO loses 20 billion

KelpDAO was hacked and $20 billion was wiped out! J.P. Morgan’s latest report directly named it: DeFi’s security vulnerabilities are so serious that institutions simply dare not enter the market on a large scale. This wave is not a small incident, but a systemic risk that is sounding the alarm.

Why is this important? The DeFi circle seems lively, but the growth of ETH denominated prices has almost stagnated, and funds are running towards stablecoins. What does this mean? This shows that the market's confidence in decentralized finance is wavering, and both retail investors and institutions are "risk averting." Without the support of institutional funds, the DeFi bull market lacks “fuel”.

For retail investors, don’t just focus on high-yield mining pools, safety is the first priority. When choosing an exchange and protocol, look more at the risk control records. For example, when trading on mainstream platforms such as Binance, OKX, Bybit, and using CoinRebate (coinrebate.vip) to compare prices, you can save some handling fees. After all, the money saved is also earned - don't let security vulnerabilities and transaction costs "cut" you together.

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This article was edited by CoinRebate AI, data source: CoinDesk