Is 'All of DeFi Unsafe'? What You Need to Know About Holding Assets Onchain
Unchained
Laura Shin
4.6 • 1.3K Ratings
🗓️ 29 May 2026
⏱️ 50 minutes
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| 0:00.0 | I think this principle that code is law and you wrote the code wrong, so fuck you, it's just stupid. |
| 0:06.2 | Like, that's just not how human organizations operate. |
| 0:08.7 | So there needs to be an error correction mechanism. |
| 0:11.1 | And that is not necessarily incompatible with decentralization. |
| 0:14.2 | The standard should be different for an application versus a blockchain. |
| 0:17.8 | Code is not law. |
| 0:19.2 | Law is ambiguous by design. Ambiguity is built into legal |
| 0:22.9 | code for cases that are subjective. Code, yeah, it's just code is not law. Hi, everyone. Welcome to |
| 0:28.8 | Unchained. You're no hype resource for all things crypto. I'm your host, Laura Shin. Thanks for |
| 0:33.8 | joining this live stream. Today's topic is whether all of Defi is unsafe. |
| 0:39.4 | Here to discuss our Isaac Packett, Certifications Lead at Security Alliance, and Mike |
| 0:44.4 | Siligazzi, CEO of Etherfi. |
| 0:47.0 | Welcome, Isaac and Mike. |
| 0:48.2 | Thanks for having me. |
| 0:48.8 | Thank you to be here. |
| 0:49.4 | So if you're on crypto Twitter a lot, you probably know that this week, Manuel Aros, I don't know if I'm saying that correctly, a co-founder of Open Zeppelin, who I need to note left the company in 2019. |
| 1:03.4 | He set off a little firestorm in CT this week with a tweet saying, quote, I now consider all of defy unsafe. Coding agents are superhuman |
| 1:13.0 | at finding vulnerabilities, and smart contract security is too asymmetric. Defenders need to |
| 1:19.1 | fix every bug while attackers need just one exploit to steal funds. He even said that he had |
| 1:24.7 | urged friends and family to leave positions in blue chip defy protocols like Ave Maker Dow and compound. |
| 1:31.3 | And in response, Open Zeppelin tweeted, quote, recent posts do not reflect Open Zeppelin's physician. |
| 1:38.5 | Manuel left the company in 2019. |
... |
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