Samczsun posted: Annual review of smart contracts is the crucial fourth step in ensuring the security of the protocol

ChainCatcher message: Security Alliance founder Samczsun posted that relying solely on code audits, formal verification, and high bug bounty rewards is still not enough to prevent hacker attacks. The annual review of smart contracts is the key fourth step to ensure protocol security.
Samczsun pointed out:

1. Higher bug bounties cannot prevent hacker attacks because this only doubles down on the bet that white hats will find vulnerabilities before black hats. The same amount can be used to support multiple re-audits over several years.
2. Risk levels increase linearly with TVL, but security budgets do not grow accordingly.
3. Audit reports are just security assessments at a specific point in time, which expire, and the protocol environment is constantly changing. The only way to refresh the assessment is to conduct a new audit.
   Samczsun believes that by 2026, the crypto industry should adopt annual re-audits as the fourth step to ensure protocol security. Existing protocols with significant TVL should undergo re-audits of their deployments, and auditing firms should offer dedicated re-audit services focused on evaluating the entire deployment. The crypto industry should view audit reports as “potentially expired” point-in-time assessments rather than permanent security guarantees.