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DeFi Security: Managing Risks in the Future

Vitaliy Basiuk
Contributor
Alissa Adams
Editor Fact checked
June 7, 2024 | UPD: June 11, 2024 | 9 mins min. reading | 6

DeFi Security: Managing Risks in the Future

DeFi platforms, like bank vaults, can be broken into if not secured well. Imagine keeping all your savings in a vault, only to find it breached due to a DeFi attack. This is why ensuring a safe DeFi platform is so important. Managing risks in DeFi means making that vault stronger and fixing any weaknesses. It involves constant monitoring and updating to stay ahead of potential threats.

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Categories:
DeFi
Written by
Vitaliy Basiuk
CEO & Founder

Written by Vitaliy Basiuk
CEO & Founder at EvaCodes | Blockchain Enthusiast | Providing software development solutions in the blockchain industry

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