Decentralized finance platforms took a major hit that affects the entire crypto market

To add spice to the price depreciation experienced by the crypto market, in the last hours the decentralized finance platforms (DeFi) have been in the news again due to security problems.

According to multiple digital news portals, just a week after the hack in which Qubit Finance lost 80 million dollars in cryptocurrencies, Wormhole, which allows the exchange of tokens between different blockchains, has become the most recent victim.

This unfortunate situation, puts the entire cryptocurrency market in extreme uncertainty, in the context of the information that has been reviewed today 03/02/2022 the platform said on Twitter that it had lost 120,000 wETH (amount that at that time amounted to $320 million) .

Additionally, in the same note it was also explained that all the platform's functions were suspended because they were looking for a possible exploit, a suspicion that was later confirmed.

It should be emphasized that the smart contracts that run in decentralized finance are programs stored in a blockchain that are executed when certain conditions are met and, like any other code, may have vulnerabilities that can be exploited to steal cryptocurrencies.

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