Investors Have Lost $12 Billion This Year in DeFi Products and Services: Report

Investors Have Lost $12 Billion This Year in DeFi Products and Services: Report
A representation of the virtual cryptocurrency Ethereum is seen among representations of other cryptocurrencies in this picture illustration taken on June 14, 2021. Edgar Su/Illustration/Reuters
Katabella Roberts
Updated:

Investors have lost billions of dollars this year due to theft and fraud among criminals targeting decentralized finance (DeFi) products and services, according to new research by Elliptic.

The London-based firm, a leader in crypto-asset risk management, released the report titled, “DeFi: Risk, Regulation, and the Rise of DeCrime,” on Thursday. 
Katabella Roberts
Katabella Roberts
Author
Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
Related Topics