TechFlow reports that on April 21, Michael Egorov (@newmichwill), founder of Curve Finance, stated that recent security incidents in the DeFi space—triggered by centralized failure points—have occurred frequently, severely damaging the industry’s reputation. Citing examples such as Aave users losing funds due to the rsETH exploit and users being unable to withdraw funds following the LayerZero cross-chain bridge hack, he emphasized that problems must be prevented before they occur—not addressed reactively after damage is done.
He called on the industry to jointly establish DeFi security standards, proposing that the Ethereum Foundation and Solana Foundation take the lead in collaborating with projects across ecosystems, auditing firms, and risk assessment teams to develop principles and specifications for secure system design—and suggesting that lessons could be drawn from traditional finance’s practices for safeguarding centralized nodes.
