In 2026, the amount stolen in DeFi exceeded $750 million. I checked the list of victims, and several were audited projects. Many people think that having an audit report means safety, but the data from 2026 says the opposite: Kelp DAO was hacked for $293 million, making it the largest single incident this year, and it was exploited through a bridge contract vulnerability; Silo V2 was manipulated by an oracle, also after an audit.
An audit isn't a safety net, so whatโs the real meaning of an audit? ๐ค
ใI checked four auditing firms on Genius Terminalใ
Halborn, Cantina, HackenProof, and Borg Research, each with their own focus in the industry. Halborn has audited over 200 blockchain projects, primarily focusing on smart contracts and infrastructure vulnerabilities; Cantina is known for competitive audits, where multiple independent researchers challenge the same code simultaneously; HackenProof specializes in bug bounty management and penetration testing; Borg Research leans towards the foundational verification of cryptographic protocols.
I think the interesting part of this combination isnโt the number, but the coverage. A single auditing firmโs perspective has blind spots, while the four firms approach it from different angles, theoretically reducing overlooked attack surfaces.
ใWhatโs the essence of an auditใ
Personally, I believe the four auditing firms donโt provide a guarantee of "wonโt be hacked," but rather a signal: this team is willing to spend money to have outsiders point out issues, and not just once. Industry audit fees range from $25,000 to $200,000, while a successful attack in DeFi can result in losses from $5 million to hundreds of millions. When you calculate this ratio, the cost of auditing multiple times is entirely reasonable.
"The quantity of security audits doesnโt represent safety, but it does reflect the project teamโs attitude towards risk."
ใThe significance of
$GENIUS ใ๐
After Ghost Orders go on-chain, Genius Terminalโs privacy trading feature can truly take off, allowing users to execute large trades on the platform. High trading volumes support the platform's GMV, and the token holdersโ
$USDC recommended returns have a sustainable foundation. Security isnโt just a bonus; itโs the premise of the whole flywheel.
@GeniusOfficial $GENIUS #genius #defi #cryptohacks