Richard Ma, the CEO and co-founder of the blockchain security startup Quantstamp, explained that decentralized finance has the potential to change our financial ecosystem but security remains a huge challenge.
“We think security is very crucial for DeFi’s growth,” he said at the Unitize digital conference today. Ma noted the several DeFi hacks that occurred so far in 2020, stating that $26 million worth of funds were stolen from DeFi projects this year alone.