1 inch: DeFi must learn from recent cryptocurrency hacking incidents

1inch Network stated in its official blog that the DeFi field must learn from recent cryptocurrency hacking incidents. After Bybit suffered a $1.4 billion hacking attack in February, the dual weaknesses of CEX and DeFi in risk management were exposed. The report suggests that CEX adopt three major upgrade plans: 1) Manually decoding transaction data to replace interface summaries; 2) Introduce "intelligent co signers" for real-time verification of transactions; 3) Turn to multi-party computing technology to split private keys. For DeFi protocols, a multi-layer defense system should be built that includes real-time risk intelligence, transaction monitoring, and wallet screening. Without compromising the principle of decentralization, suspicious addresses should be automatically intercepted and compliance reports generated through algorithms. 1inch emphasizes that if the industry cannot establish a self regulatory mechanism, it may trigger stricter external supervision. 1inch proposes a balanced solution of "85% free market+15% programmatic rule layer" and suggests embedding basic security modules such as anti money laundering through open source community standards. (PANews)