Curve founder angrily criticizes DeFi security chaos: many vulnerabilities could have been avoided, calls for industry standards to be established

Golden Finance reports that Curve founder Michael Egorov posted on the X platform stating that DeFi will still be the future of the global financial system, but a large number of recent avoidable security incidents (mostly caused by centralized single points of failure) are seriously damaging industry development. Using the Aave and rsETH incidents as examples, he pointed out that multiple parties claimed “the system is operating normally,” but users were unable to withdraw funds, exposing issues of infrastructure dependence and dispersed responsibility. The crypto industry should reduce single points of failure risk in advance and, when unavoidable, distribute trust, while sharing best practice configurations and security experiences. He called for the establishment of a unified DeFi security standard and suggested that ecosystem organizations, including the Ethereum Foundation and Solana Foundation, lead the development of principles and norms for building and verifying security.