In the wake of recent DeFi domain hacks, industry leaders are urging caution when it comes to engaging with cryptocurrency. According to Bobby Ong, founder of CoinGecko, the recent sale of Google's domain business to Squarespace has resulted in the removal of two-factor authentication, leaving users vulnerable to potential scams and hacks. As the domain migration process continues, experts are advising individuals to refrain from interacting with cryptocurrency until security measures are properly reinstated.