Every bear market sees a bunch of DeFi projects getting hacked. Yesterday, I checked out a lot of DeFi protocols, and the annualized returns are basically around 30%. Thought about it for a long time, still didn’t dare to put my money in. Since DeFi started in 2020, it feels like these interest rates can’t be sustained anymore, and then DeFi started collapsing, kind of like P2P lending. This issue still hasn’t been solved. Looking at the Drift project, I feel like the chances of them running away are higher than getting hacked. 1. A week ago, Drift’s core team member left, and a new multi-sig signer joined. 2. The hacker is super professional—funds were swapped into ETH immediately, fake CVT tokens were created, and they manipulated the oracle. Feels like an inside job. Also, Forbes is truly a magical company. Last time CZ made the list, he paid a fine. This time, a female crypto leader just made the list, and her private key got stolen. Stay away from people and projects that love showing up on Forbes—it’ll bring you good luck