OpenZeppelin Co-Founder Manuel Aráoz Says DeFi Is Unsafe in May 26 Warning

On May 26, OpenZeppelin co-founder Manuel Aráoz said he now views all DeFi as unsafe and claimed AI coding agents have shifted the advantage to attackers. He added he has been urging friends and family to exit positions, citing Aave, MakerDAO, and Compound among protocols he no longer considers safe. Others on X disputed the claim, arguing most recent losses stemmed from operational and credential failures rather than smart-contract bugs.