Hacker Steals $20 Million From DeFi Protocol Pickle Finance

Pickle Finance focused on providing an automatic solution for moving funds between various DeFi protocols in order to maximize profits. The attack on Pickle Finance is not following the flash loan M.O that hackers seem to be using to exploit vulnerabilities in most of the DeFi protocols.

The recent wave of DeFi hacks may be a sign of how immature the ecosystem is and why some argue that, right now, DeFi is in no way competition for the more secure and stable traditional centralized finance protocols. The most recent cases of attacked protocols are Value DeFi, Harvest Finance, Akropolis, and Balancer.

Timeline of Balancer, Harvest-finance