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DeFi Protocol Hacked for 120 Million | What You Need to Know (Badger Dao)
The popular DeFi Protocol BadgerDao was hacked for 120 million a few days ago. I actually had a decent amount of Bitcoin staked in there. And the worst part is the Nexus Mutual platform didn't cover it because it wasn't a smart contract exploit.
Here are my thoughts about these DeFi protocols and how to mitigate risk against hacks and exploits.
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I'm very active on social media, as well as my personal blog, personal YouTube and Conscious Poker YouTube. Follow me and let's connect.
Personal YouTube: www.youtube.com/alectorelli
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DISCLAIMER: Everything Alec Torelli says on the CrypTorelli YouTube, his trades, strategies, and news coverage are based on his opinions alone and are only for entertainment purposes. You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the cryptocurrencies and public and private markets, and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence. You and you alone are responsible for all of the financial risks you take.
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