OpenZeppelin Co-founder: All DeFi Is Insecure, Advising Friends and Family to Exit Related Positions

Odaily reports that Manuel Aráoz, co-founder of crypto security firm OpenZeppelin, stated that he now believes all DeFi is insecure and has been advising friends and family to exit all DeFi positions, including low-risk positions in blue-chip protocols like Aave, MakerDAO, and Compound. Aráoz pointed out that the asymmetry between attackers and defenders in security incidents is intensifying, with programmed agents possessing superhuman capabilities in discovering vulnerabilities. Defenders need to fix every single vulnerability, while attackers only need to exploit one to steal funds. (The Block)