Posted 10/12/2023, 10:06:14 AM
Alameda Loses Over $100 Million in DeFi Scams and Leaks Due to Lax Security
- An Alameda trader lost over $100M after clicking a fake Google link for a DeFi app
- Alameda lost $40M+ yield farming on a questionable blockchain when the creator held funds hostage
- A former employee leaked Alameda's plaintext keys, enabling $50M in stolen funds
- Alameda prioritized speed over security, overlooking standard practices
- Security incidents occurred every few months due to fast pace and lack of checks