PSA: I now consider *all* of DeFi unsafe. Coding agents are superhuman at finding vulnerabilities, and smart contract security is too asymmetric: defenders need to fix every bug while attackers need just one exploit to steal funds.

So excited to welcome @alcueca as Head of Onchain Security at @veda_labs - a legend in DeFi security and co-inventor of ERC-4626, the standard that made DeFi vaults composable and legible. Not a bad person to have designing the security model for the next generation of onchain markets 🙂

Solana was built for security. As the ecosystem scales, so does our investment in the tools, standards, and support. Today that commitment deepens with a new security program, active monitoring, formal verification for top protocols, and a new crisis response network. Learn more 👇

Crypto folks (hopefully) already know that Lazarus is one of the most prevalent threat actors targeting this industry. They rekt more people, companies, protocols than anyone else. But it's good to know exactly how they get in. Bc another smart contract audit won't save you.

Drift Protocol on Solana just got drained. It's looking like a multisig member compromise -- and the story starts at least a 20 days before the attack. Here's the breakdown:

I’ve been wanting to talk about this for a while. The truth is… Optimism did too much and focused too little. We massively over-hired without a clear strategy. And token price is in the gutter. We’ve been bathing in tactics for a long time, clinging to previous successes like launching Base, Ink, Unichain, Worldchain, Soneium… without building the operating machinery to continue that momentum into a market that’s dramatically different today. Sun Tzu says: “Tactics without strategy is the noise before defeat.” For a long time, I rationalized our difficulties as due to regulatory uncertainty, market noise, and the impossibility of coordinating 3 independent organizations. But at this point, doesn’t matter. The world today is vastly different than when Optimism started. So we’ve been upgrading Optimism for this new world. We’ve parted ways with many talented teammates, re-unified execution under a single entity, and re-built our engineering and enterprise sales orgs. The goal is simple: 1. Build the most scalable financial infrastructure 2. Bring enterprises and their assets onchain 3. Maximize the productivity of those assets Enterprise deals are now a competitive space. When we talk to these enterprises, we see Solana, Tempo, Arbitrum, Avalanche, all trying to help enterprises come onchain. But I’m confident OP Stack is going to beat them all. Why? The OP Stack is the only stack that has successfully brought & scaled multiple enterprises onchain. We’ve seen what works & what doesn’t work. We’ve earned this knowledge by—honestly—wasting a lot of money. We’ve seen every single enterprise blockchain failure mode because we’ve been doing this longer than anyone else. Here’s why enterprises consistently end up choosing OP Stack: enterprises’ expectations on scale and reliability are far beyond what Web3 is used to, and the OP Stack is the closest to what enterprises need. That’s not a coincidence - we’ve co-developed this infrastructure alongside the fastest growing enterprise in web3: Base. At the end of the day, enterprises want to control their own economics. They aren't gonna be sharecroppers on Stripe's blockchain. The OP Stack vision will win. Shared standards balanced with chain autonomy. The starting gun is now. See you in the ring.

OP Mainnet provides the foundation for enterprises to build and scale onchain. It delivers secure, high-performance blockspace, and now features a full enterprise yield stack with @MorphoLabs, @gauntlet_xyz, and @utila_io. Learn more in our latest blog: optimism.io/blog/op-mainnet-…