SECURITYR/ETHEREUM
$770 million stolen in defi this year. 40+ protocols shut down. bridges are the common denominator and nobody is fixing the actual problem.
Over $770 million has been stolen in DeFi this year, with 40+ protocols shutting down due to bridge exploits, highlighting a fundamental problem with the bridge model. The largest single-day losses are often caused by bridges, which are designed as massive honeypots. Alternative solutions like data availability layers exist and are production-ready.