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International Business Times
International Business Times
Business
Marvie Basilan

EXCLUSIVE: How DeFi Protocols Can Strike The Right Innovation—Security Balance With WeFi Group CEO

DeFi Donald Trump Crypto blockchain Hacken
Demand for decentralized solutions are on the rise, but security issues haunt the innovative technology set to transform the traditional financial ecosystem. (Credit: ByBit/flickr.com)

KEY POINTS

  • Many projects are 'obsessed' with innovation, often leaving security behind: WeFi Group CEO Maksym Sakharov
  • Teams should also be transparent, especially when high-profile figures are involved, Sakharov said
  • 'DeFi projects must view security as part of their value proposition,' he added

The decentralized finance (DeFi) sector has seen significant growth in recent years as consumers engage in the new digital economy powered by blockchain technology and cryptocurrencies.

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