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OpenZeppelin Co-founder: DeFi is no longer secure, and has advised friends and family to exit all DeFi positions

MeNews
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ME News Report, May 27 (UTC+8), cryptocurrency security company OpenZeppelin co-founder Manuel Aráoz stated, "I now believe all DeFi is unsafe. Coding agents have superhuman talent in discovering vulnerabilities, and the security of smart contracts is overly asymmetric: defenders need to fix every vulnerability, while attackers only need one to steal funds. I have been privately advising my friends and family to exit all DeFi positions, including low-risk 'blue-chip' projects like Aave, MakerDAO, and Compound." (Source: Foresight News)
AAVE-1.88%
COMP0.78%
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KiteAndBlock
· 3h ago
The point of security asymmetry hits the core, attackers' ROI is always higher.
View OriginalReply0
RugcheckRoommate
· 3h ago
Take the advice, and tonight transfer half to the cold wallet first.
View OriginalReply0
GaslightLatte
· 3h ago
Maybe modular design can reduce single point risks?
View OriginalReply0
VinesCoiledIntoGeometricShapes
· 3h ago
Asymmetric warfare, the defender has a natural disadvantage, classic security dilemma
View OriginalReply0
ColdWalletLeftInTheAir
· 3h ago
Does this count as a signal of an industry OG's defection?
View OriginalReply0
PerpPulse
· 3h ago
The smart contract auditing industry is about to experience a second spring.
View OriginalReply0
GateUser-ae5cc7b3
· 3h ago
But where can you go if you exit DeFi? Bank interest rates are zero.
View OriginalReply0
IHateFalseProsperity.
· 3h ago
When he said that, all the USDC in my wallet started feeling hot in my hand.
View OriginalReply0
EchoOfL2
· 3h ago
That’s a pretty harsh statement, but upon reflection, it’s really hitting home—defensive costs are too high.
View OriginalReply0
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