Overall losses caused by DeFi exploits has totaled USD 12 billion so far in 2021, according to Elliptic, a firm which tracks movements of funds on the digital ledgers that underpin cryptocurrencies. Fraud and theft accounted for USD 10.5 billion of that sum — a sevenfold increase from 2020.
Over the last two years, the total amount of money deposited at DeFi services has spiked from just USD 500 million to USD 247 billion.
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