Tuesday’s Cascade Shows Why AI Is Not Crypto’s Real Problem As DeFi Drains Pile Up
BeInCrypto
A series of DeFi hacks across multiple networks highlights that technical vulnerabilities remain a greater threat to crypto than the rise of AI.Summary
On Tuesday, three separate DeFi protocols—Sweat Economy on NEAR, Syndicate Commons on Base, and Aftermath Finance on Sui—experienced significant token drains. While the Sweat Economy incident was later characterized as a foundation-led rescue, the combined events underscore ongoing security risks within the industry. Bloomberg analyst James Seyffart noted that these protocol-level vulnerabilities pose a more immediate and persistent threat to crypto than the popular narrative that AI will render the sector obsolete.
(Source：BeInCrypto)