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The problem: Security
Crypto theft is rampant in the freewheeling frontier of DeFi. Cryptocurrency-based crime hit a new all-time high in 2022, with illicit addresses receiving $20.6 billion over the course of the up from $18.1 billion in 2021.
As a result, security needs to become a primary focus for the industry prior to further adoption. Technology moves fast, blockchain moves faster and we believe this cannot be a sector in which the industry overlooks before it becomes too late.