The previous (and maybe this) hacks were smaller than their profits so far.

> How does this platform still exist?

DeFi, in its users, self selects for a lot of...erm...unique personality traits.

People may have thought to themselves "Given all the mistakes they have made, they must have learned by now."

would be the perfect crime to create a hackable platform, hack it and steal your customer's money, quit after a while...

not so perfect. But this happens, a lot. sometimes they don't even hide it. The defi degenerates call it 'rugging', eg: rug pull. Often its not even a hack, the contract has an administrative function that allows draining the contract.

No contingency for “fool me three times”.

Andre "test in production" Cronje. I avoid the YFI mafia projects because he is either mentally unstable or purposefully screws with the communities in a type of sociopathy https://decrypt.co/37995/exclusive-yfi-andre-cronje-broke-qu...

He will release projects in prod, encourage people to throw money in, take the money and later claim he was just testing. It's bad behavior.

Play stupid games, win stupid prizes.