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Here’s why decentralized finance is actually very centralized

Most DeFi protocols are controlled by a small number of smart contracts whose keys are held by one person or a tiny group of insiders.

Allegedly decentralized ‘credit market’ shutters after attorney Discord post

DeFi protocol BarnBridge DAO immediately halted operations after a lawyer warned that token-holders could be personally liable.

Arcadia Finance has said that it’s in contact with the exploiter who drained $455,000 in a hack made possible through code vulnerabilities.

Since teasing a new version of its decentralized exchange protocol, Uniswap has been accused of co-opting the community’s open-source ethos.

Threats against DeFi protocols can come from all sides and include hackers, governance attacks, and potentially vulnerable third-party code.