Babbitt reported that on August 2nd, the Global Blockchain Game Ecology Conference (GBGEC), co-sponsored by DappReview and CocoaChina, was held in Shanghai. Qi Fu, partner and product manager of Slow Mist Technology, said in his speech that since September 2012, there have been 205 hacking incidents in the blockchain field, and the total amount of blockchain blackouts has been approximately $4.464 billion. The total amount of hacked losses on the exchange was approximately $2.941 billion. He also pointed out that there are three reasons for the serious lack of security in the blockchain industry. One is that the blockchain ecology has its own financial attributes; the second is the lack of state endorsement; the third is that after being attacked, there is a widespread problem of traceability. "Code is the law." "Become an excuse for hacking money."