Curve Founder Urges DeFi Safety Standards After KelpDAO Incident

"Are We an Industry of Clowns?" Curve Founder Blasts DeFi Security Failures

Michael Egorov, founder of Curve Finance, has called for the development of industry-wide security standards in decentralized finance, amid a surge in recent hacks originating largely from centralized single points of failure. The KelpDAO exploit is one of the latest examples and ranks among the largest DeFi breaches in recent months, shaking the confidence of market participants. DeFi Security Overhaul In his latest tweet, Egorov went on to exp…

'Are we an industry of clowns?' Curve founder urges unified DeFi security rulebook after rsETH shock

Curve founder Michael Egorov is pushing for chain-wide DeFi security standards after the Kelp rsETH exploit exposed how “centralized” chokepoints can still wreck supposedly decentralized systems. Curve founder Michael Egorov has called for industry-wide DeFi security standards after what he…

Curve Founder Urges DeFi Safety Standards After KelpDAO Incident

Curve Finance founder Michael Egorov is calling for industry-wide security standards after a wave of DeFi exploits. Investors say repeated failures are part of the sector’s evolution, not a sign of decline. Key Takeaways: Curve Finance’s Michael Egorov has urged for industry-wide DeFi standards after recent onchain exploits, targeting centralized weak points. Requests Ethereum and […]

Curve’s Michael Egorov Warns Centralization Risks Behind DeFi Exploits As Kelp DAO Incident Spreads To Aave

Michael Egorov, founder of Curve Finance, said the recent rise in avoidable exploits across decentralized finance is largely linked to centralized points of failure, warning that such weaknesses are undermining confidence in the sector. Writing on X, he reiterated his view that DeFi represents the future of the global financial system, while expressing concern that repeated security failures are damaging the industry’s credibility. The developer…