During the first three months of 2022, cryptocurrencies that have been stolen from DeFi protocols made up about 97% out of the $1.3 billion worth of all crypto hacks. The figure has soared from 30% in 2020 and 72% in 2021. — Understanding security risks in DeFi Decentralized Finance, as its name suggests, is promising in providing people with faster, more accessible, and transparent participation in various financial services such as borrowing, lending, and yield farming without the involvement of traditional financial intermediaries. Decentralized finance (DeFi) has experienced exponential growth in the last three years with the…