🚀 Exciting developments in the crypto world! The DeFi ecosystem has made significant strides in security, with a 40% drop in hacks over the past year, thanks to advanced cryptographic techniques like Multi-Party Computation and Zero-Knowledge encryption. This progress highlights DeFi's commitment to learning from past incidents and fortifying defenses.

However, CeFi platforms face challenges, with breaches soaring to $694 million, underscoring the need for improved access control and decentralized fund safekeeping.

What are your thoughts on these trends? Share your insights in the comments! 💬