FBI says investors should take precautions before putting money into decentralized finance platforms | Engadget

hacking “free-fo-all”The FBI recommends investors take a handful of precautions before risking their money with a DeFi platform. You should research the platform you want to invest in, as well as the details of the smart contract they employ. Additionally, only put money down on a firm or company that has paid for independent code audits. You also want to avoid investment pools with extremely limited timeframes to join.

"Cyber criminals seek to take advantage of investors' increased interest in cryptocurrencies, as well as the complexity of cross-chain functionality and open source nature of DeFi platforms," the FBI said."Investors should make their own investment decisions based on their financial objectives and financial resources and, if in any doubt, should seek advice from a licensed financial adviser.

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💯, the operative word being ‘Defi platforms’. Let ensure we understand the difference between’DeFi platforms’ and Bitcoin.

Nah watching them fail is much more fun

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