OpenZeppelin, a smart contract security firm whose libraries underpin most DeFi protocols, pushed back Tuesday against a viral post by its co-founder and former CTO declaring all of DeFi fundamentally unsafe, clarifying that the claims do not represent the company's position.

OpenZeppelin's Manuel Aráoz said he has been privately advising friends and family to exit all DeFi positions.

OpenZeppelin co-founder Manuel Aráoz warns all of DeFi is unsafe, urging exits from Aave, MakerDAO, and Compound amid $600M in April exploits.