Looking at a large number of protocol failures over this stretch, we see the same security culprits showing up again and again. The pattern is hard to ignore:

Compromised admin keys keep giving attackers direct access. Flawed upgrade mechanisms create backdoors. Smart contracts ship with bugs that nobody caught during audits. Then there's reentrancy exploits and broken access controls—classics that keep working because developers either rush or miss the edge cases.

Different projects, same vulnerabilities. It's like watching the industry repeat the same mistakes while knowing exactly what went wrong last time.