As per Chaincatcher, Samczsun, founder of Security Alliance, emphasized that annual smart contract audits should be the fourth critical step in ensuring protocol security. He argued that while code audits, formal verification, and high bug bounties are important, they are insufficient to prevent attacks. Samczsun highlighted that higher bug bounties do not guarantee security, risk scales with TVL, and audit reports become outdated as protocol environments evolve. He proposed that by 2026, the crypto industry should adopt annual re-audits as standard practice.
Samczsun Advocates Annual Smart Contract Audits as Key Security Measure
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Summary
Samczsun, founder of Security Alliance, said smart contract audits should be done annually to strengthen contract security. He noted that code audits, formal verification, and bug bounties are not enough to stop attacks. Higher bounties don’t always mean better security, and audit reports can become outdated as protocols change. He called for annual re-audits to become standard by 2026.
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