DeFi User Suffers 99.93% Loss, DAOs Under Scrutiny
DeFi User Suffers 99.93% Loss, DAOs Under Scrutiny
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This edition of Inside DeFi reports on a user who lost almost $50 million in a reckless swap from a mobile hot wallet, despite multiple warnings. The article also examines a potential trend away from Decentralized Autonomous Organizations (DAOs) and questions their future viability.
Welcome back to Inside DeFi Today’s edition looks at a gung-ho swap which lost the user almost $50 million. It seems multiple warnings can’t save the kind of madman who’s prepared to swap such size from a mobile-based hot wallet. We also take a look into the move away from DAOs, and finish up with […]