Three executives, Jayson Hobby, Geoffrey Hayes, and Mykel Pereira, have left Compound Finance to pursue a new venture. The departure coincided with a hacking incident on the platform's website, highlighting the growing threat of cyber attacks in the crypto space. Hobby, who served as CEO for five years, expressed pride in Compound's journey towards decentralization. He now joins Legend, a blockchain platform focusing on user experience in DeFi. The hacking incident, where a phishing site targeted users, underscored the importance of vigilance in the crypto community. Despite the security breach, user funds in Compound remained safe. This event serves as a reminder of the ongoing challenges of phishing attacks in the industry. Compound Labs, a major DeFi player, continues to hold significant assets in the crypto market. Read more AI-generated news on: https://app.chaingpt.org/news
Crypto Executives Depart Compound Finance Amid Security Concerns
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