Curve founder criticizes frequent DeFi vulnerabilities: single points of failure have become risks, calls for unified security standards

According to Odaily, Curve founder Michael Egorov posted on platform X that DeFi will continue to be the future of the global financial system, but a large number of recent security incidents—which could have been avoided and mostly stem from centralized single points of failure—are severely damaging the industry's development.

He cited the Aave and rsETH incidents as examples, noting that although multiple parties claimed the “system was operating normally,” users were unable to withdraw funds. This exposes issues of infrastructure dependency and dispersed responsibility.

Egorov stressed that the industry should reduce single point of failure risks beforehand, and when unavoidable, decentralize trust while sharing best practice configurations and security experiences. He called for the establishment of unified DeFi security standards and recommended that ecosystem organizations—including the Ethereum Foundation and Solana Foundation—take the lead in formulating and verifying principles and norms for security.