The decentralized finance (DeFi) protocol SIR.trading has reportedly been hacked, resulting in estimated losses of US$350,000. SlowMist, a cybersecurity firm, confirmed the incident and highlighted this as another example of persistent security vulnerabilities within the DeFi sector. This breach comes amid growing concern about the lack of robust security measures in the DeFi landscape. While no official statements from SIR.trading have been released regarding liability or recovery steps, the potential impact on user trust is significant. The broader implications could extend to other DeFi platforms as this incident emphasizes the importance of proactive cybersecurity strategies.