Post #1551

Projects are not killed by scammers, but by themselves. Protocol mechanism design and smart contract bugs have caused the largest crypto losses compared to other factors over the past 5 years. From 2020 to 2025, $3.05 billion was lost due to mechanism design, and $3.15 billion due to smart contract bugs. Private key management is in third place among the reasons, with losses reaching $1.6 billion.