Crypto projects in the decentralized finance (DeFi) sector have faced a wave of security incidents lately, and now, one of the earliest figures in smart contract auditing has declared the entire DeFi space unsafe. This point of view was shared on X by Manuel Aráoz, co-founder of OpenZeppelin. He has gone so far as to privately advise friends and family to exit all DeFi positions, including what many view as low-risk “blue chips” such as Aave, MakerDAO, and Compound.