CryptoSlate
THORChain's emergency chain halt following a fresh exploit has thrown the decentralized finance sector into another trust reckoning. The incident adds to a staggering cumulative $16.5 billion in DeFi exploits, a figure that is now forcing protocols to confront the governance and security controls they once ideologically resisted.
Aave's rsETH bad debt episode sits alongside THORChain as a signal that the next wave of DeFi security failures will not come from simple smart-contract bugs alone. The real vulnerabilities now run deeper — broken assumptions embedded in cross-chain bridges, collateral listing frameworks, governance processes, and risk parameter controls that were never stress-tested at scale.
The pattern is structural: DeFi's composability, its greatest feature, is also its most exploitable surface. Each new incident raises the stakes for protocols that have delayed…
CoinDesk
WuBlockchain