$8.2 million worth WNXM token has been hacked

[Psynthax]

You expect me to believe that 😒? It seems like every DeFi projects are now using hacks to dodge some blames and responsibilities, it's more like a planned work, sorry mate I don't believe DeFi hacks anymore, there is now more that meet the eye

DEFI hacks are very possible, but it's also true that the rate at which these platforms get hacked, one might suggest some developers do it on purpose. Well, I doubt if a successful project like WNXM will forge a hack, this is a call for all DEFI platforms to keep advancing their security since hackers keep looking for new means to bypass security.

But if the hacker is real, the fact that they got easily hacked means this project doesn't deserve the success. I know most of these defi projects are in early stage where the exploits are still many and unknown but we are talking about big money here where smallest mistake could cost fortune.
Even the fact that they try to reward the hacker if they return all the token means they somehow can't do much to make the stolen coin back.

[Yey09]

Hackers again are smarter than defi users. Some things never changes

[TGD]

A 300k bounty as a prize for the pirate? It seems implausible!

The NXM market has been falling for 3 months and now with this news it lost 22% of its value in 24 hours. It seems very strange.

That's why I don't trust DeFí...

Don't generalized your judgement on DeFi. It's true that many DeFi project got hack, smart contract attack and other exit scam reason. But DeFi indeed is a good technology and idea the problem is that because its goal is to be totally decentralized, Many of the project are being tempted to exit scam because they can do it discreetly due to the nature of there decentralized project. There are still some solid project in DeFi that still standing strong. Just those yield farming shit that offering insane APY.

[Dollar_Hunter]

Obviously, this is something terrible for us in the world of cryptocurrencies,
even though 2020 is coming to an end in a few days, and an incident occurred,
what I fear is the impact on the Bitcoin price, it does seem that today is very volatile,
it looks like this week is going to be decisive Bitcoin price.

[Shallow]

Nowadays it is hard believing most things about DeFi projects, their use case and hacks, this curiosity is as a result of a question that always comes to mind which is, why are these hacks targeted towards Defi projects majorly? If in fact they are decentralized, how is that hackers are just playing with them and stealing huge amount of money, unless this shows some of these DeFi projects are not truly secured. Another bad effect of this hacks on Defi projects is that, it will keep reducing the trust investors and users have towards them, that is, how can they be trusted when they can't secure your investment. Nevertheless, I wish that team the best in recovering their stolen funds and I wish other Defi projects will take a look inwards and start securing their platforms since it's obvious hackers are now more interested in them and not exchanges again.

[Kopetunto]

This is what makes the image of cryptocurrencies bad,
hacker incidents continue to be a routine incident this year, especially DeFi already has a bad image,
even though people think DeFi is safe, but it's the opposite.

[maxreish]

Another dllefi project fail this time. And how can they just post such tweet that obliging hackers to return the coins? They're not dumb to dk that. It could hardly convinced user and investors that the projects security or should I say most of the defi projects were vulnerable with hacks. The fact that they couldn't compensate the losses will hit the wall of a failed project.

[Bitstar_coin]

https://i.ibb.co/T1SWKcW/IMG-20201214-205715-412.jpg

Another big Hack in DeFi! $8.2 million worth WNXM token has been hacked  😱 !!!

Well else is new! how long will this go on for, seriously this is making me not to consider investing on defi even though there are so many defi project that are good and can bring good returns,
why is it so difficult for the defi devs to find a partial solution that will prevent frequent hack on the space, this will really affect the trust of investors and discourage them from investing, really bad.

[Dave1]

What else is new though, the hacks involving Defi is ramping up and I would say that scammers are having a easy time exploiting this projects because of poor management. Unlike 2017's ICO's wherein scammers just have to gain the trust months in/out before they ran or exit scam.

But now it's different, scammers found vulnerabilities and then attack when you don't expect it. Typical thieves, to be honest.