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Adam Back raised concerns about risks in decentralized finance (DeFi), highlighting issues with high recursive leverage and the insecure nature of bridge protocols.
In his remarks, Back expressed frustration with persistent problems in DeFi and criticized the security of EVM-based systems.
Back has previously commented on blockchain security issues. In one instance, he highlighted a demonstration showing that executable code could be stored and run from DNS records. He has also called for urgent measures against manipulated voting activity in blockchain systems.