A top crypto security firm executive advises exiting DeFi positions due to AI-driven vulnerability risks in smart contracts.
OpenZeppelin co-founder Manuel Aráoz declared all decentralized finance (DeFi) platforms unsafe, citing AI coding agents that surpass human capability in identifying vulnerabilities. The warning follows concerns over asymmetric risks in smart contract security, prompting personal advice to liquidate DeFi holdings.
OpenZeppelin is a leading security auditor for major DeFi protocols, including Aave, Compound, MakerDAO, Uniswap, and Coinbase. The firm’s stance underscores growing unease about AI’s role in exploiting weaknesses in blockchain-based financial systems.
No immediate market reaction was reported, but the comments highlight escalating security challenges in the DeFi sector.