What is Harvest Finance All About?
Harvest Finance is a decentralized finance (DeFi) platform that gained popularity for offering automated yield farming. It attracted users with the promise of high returns by optimizing farming strategies across different DeFi protocols. But over time, especially after a major security breach, it became clear that the platform wasn’t as safe as it seemed. If you're new to DeFi or considering this platform, this Harvest Finance review reveals why many investors are now steering clear.
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The 2020 Exploit: What Went Wrong
Back in October 2020, Harvest Finance became the target of one of the most well-known DeFi attacks. Using a method known as a flash loan, the attacker manipulated stablecoin prices within the system and was able to walk away with more than $24 million.
Although the attacker later returned about $2.5 million, the damage was already done. This wasn’t a coding error — the system worked exactly how it was built. That’s what made the attack so damaging: it showed how even properly built systems can still be exploited. FARM, the platform’s token, lost more than 65% of its value in just one hour.
Why You Should Avoid Harvest Finance in 2025
1. History of Security Issues
Despite being a leading name in the DeFi space, Harvest Finance failed to defend itself from a common and well-understood tactic. The platform was unprepared for the economic-style attack that hit it. This kind of oversight raises major red flags for anyone thinking of investing.
Want to know how to choose safe platforms? Check out our post on how to research a DeFi project.
2. Lack of Clear Communication
After the incident, the team behind Harvest Finance claimed they had identified the attacker — even suggesting the person was a known figure in the copyright world. However, they never shared any proof or took legal action. For investors, that kind of vague communication adds a layer of doubt and shows a lack of transparency when it’s needed most.
3. Is It Really Decentralized?
Although Harvest Finance presents itself as a decentralized platform, the developers behind it took emergency control of funds and changed platform operations after the exploit. That raises questions: how decentralized is it, really?
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Final Thoughts: Not Worth the Risk
Harvest Finance might have had good intentions when it launched, but its reputation has taken a huge hit. Between a major security failure, vague updates after the hack, and centralized decision-making, it’s no longer a trustworthy option in 2025.
If you’re interested in yield farming or earning passive income through copyright, there are better and safer platforms to explore — ones with stronger security measures and more transparent teams.
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