Security attacks in the crypto space are becoming pretty rampant these days, right? We’re back again dissecting the issue of decentralized finance security and its vulnerabilities after some high-profile incidents like the Indexed Finance and KyberSwap hacks. The losses have been massive, and it’s high time we address the issues head-on.

Indexed Finance and KyberSwap Attacks: What Happened?

To put it simply, the blockchain never forgets. Just recently, an address tied to two of the biggest hacks in DeFi liquidated over $2 million worth of crypto. This wallet, connected to the 2021 Indexed Finance hack and the 2023 KyberSwap exploit, had been dormant for around a year. Then, out of nowhere, it went on a spree, selling UNI, LINK, CRV,…