Human errors, not code flaws, are the biggest threat to DeFi security, says crypto expert.
Key takeaways
DeFi systems require error correction mechanisms to address human errors, contradicting the “code is law” principle.
Comparing DeFi to traditional finance (TradFi) highlights that neither can be perfectly safe, but risk levels can be assessed.
Many DeFi failures result from operational security mistakes, not inherent flaws in the technology.
Smart contract risks in DeFi are relatively low compared to other types of hacks.
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