<ul><li>DeFi (Decentralized Finance) refers to financial services built on blockchain technology, but it also presents security challenges.</li><li>These challenges include smart contract vulnerabilities, flash loan attacks, oracle manipulation, rug pulls, phishing attacks, and regulatory risks.</li><li>To ensure hack-proof platforms, developers and businesses should conduct thorough audits, implement bug bounty programs, use reliable oracles, limit flash loan functionality, educate users on security practices, stay updated on regulatory changes, utilize multi-signature wallets, and explore insurance options.</li><li>Addressing these challenges is crucial for building trust and resilience in the DeFi ecosystem.</li></ul>

DeFi security challenges and How to ensure your platform is hack-proof

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