Share this article

First Mover: Bitcoin Surges to New 2020 High as Harvest Debacle Provides Costly DeFi Lesson

This week's $24M exploit of DeFi platform Harvest shows risks as real as rewards in open-beta crypto markets, where investor protection is minimal.

By Bradley Keoun, Omkar Godbole, Sebastian Sinclair

Updated Sep 14, 2021, 10:24 a.m. Published Oct 27, 2020, 1:25 p.m.

Innovation takes priority over investor protection in the anything-goes market of decentralized finance, or DeFi.