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8lends @eightlends on x 42.5K followers
Created: 2025-07-21 11:24:54 UTC
DeFi needs a reality check
These weren’t just “shit happens” moments. They revealed cracks that keep happening:
– GMX V1 drained ~$40M via a reentrancy exploit – ArcadiaFi lost $3.6M during a cooldown pause – #Cetus & Resupply triggered a $230M+ loss cascade – $XCHNG ghosted — funds frozen, team gone – $103M lost to silent slow-drain scams (SLID) – Tornado Cash co-founder now on trial
These fuckups show us exactly what’s wrong with #DeFi:
🔻 Contracts remain exploitable 🔻 Composability multiplies chaos 🔻 Teams with no accountability 🔻 DAOs ≠ #decentralization 🔻 And legal frameworks that haven’t caught up
It's not about the growing pains, it's about broken fundamentals.
What problems do you see? Leave them below 👇
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Related Topics xchng cetus scams $103m $xchng cascade $230m $36m