The U.S Federal Bureau of Investigation (FBI) has warned investors in decentralized finance (DeFi) space, targeted with $1.6 billion in exploits in 2022. The agency advises investors to conduct diligent research about Defi platforms before using them and urges platforms to improve monitoring and conduct rigorous code testing. In addition, the FBI observed cybercriminals exploiting vulnerabilities in smart contracts that govern DeFi platforms to steal investors' Cryptocurrency.