As with any platform in the cryptocurrency domain, DEX sites are not immune to potential security threats from hackers or other malicious entities. Users must implement robust security practices when engaging with DEX platforms. Community governance of DEXs can introduce vulnerabilities; hence, it's crucial for users to assume responsibility for the security of their assets. To minimize risks, it is advisable to transact on well-established DEXs that have undergone thorough smart contract audits, thereby ensuring a lower likelihood of losing funds due to code exploits or operational mishaps.