Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
Conic Finance, a decentralized finance (DeFi) protocol, has suffered two hacks resulting in the loss of $4 million and a reduction of $100 million in total value locked. This has caused the total value locked in the platform to decrease to less than $45 million from over $150 million before the hacks. While auditing firm, PeckShield, claimed that one of the exploits was not included in their audit, Conic disputed this in a postmortem. It remains to be seen if Conic can recover from these setbacks and regain users’ trust in its security measures.
