One of the conceits of Decentralized Finance (DeFi) is that it is different from traditional finance. The concept of a finance ecosystem governed by smart contracts, devoid of rent-seeking centralized institutions, is an enticing one. But two comprising situations on a decentralized finance protocol last week threw the nascent nature of the so-called DeFi ecosystem… Read More bZx Attack Shows DeFi Has The Same Vulnerabilities as Traditional Finance