According to MarsBit, Samczsun, founder of Security Alliance, argues that annual smart contract audits should be the fourth essential step in securing blockchain protocols. He highlights that while code audits, formal verification, and high bug bounties are important, they are insufficient to prevent attacks. Samczsun points out that higher bug bounties do not guarantee security, risk scales linearly with TVL, and audit reports become outdated as protocol environments evolve. He recommends that major TVL protocols adopt annual re-audits by 2026, with audit firms offering dedicated re-audit services.
Samczsun Advocates Annual Smart Contract Audits as Key Security Measure by 2026
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Summary
Samczsun, founder of Security Alliance, says annual smart contract audits should be a standard protocol update by 2026. He argues existing measures like code audits and bug bounties are not enough to prevent security breaches. As TVL grows, so does risk, and audit reports quickly become outdated. He urges major protocols to commit to yearly re-audits. Audit firms are now offering dedicated re-audit services to support this shift.
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