It's a bad day for Bunny whales. A hacker used PancakeSwap to manipulate the DeFi Bunny market, causing it to crash by 95%. "The Hash" panel discusses what attacks like this mean for both new and old investors.
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Francisco Gimeno - BC Analyst DeFi for beginners sound real weird. Bunnies, whales, animal and vegetable names. It seems childish but actually it's a very serious business, and a dangerous one due to its high risk investments. This hacking has happened because of the nature of the platforms. With enough leverage anyone can get fast loans from one DeFi platform, use them to pump and dump tokens from another one, and get a nice benefit. As easy as that. Not fun at all.