The ULTIMATE 7-Point DeFi Security Checklist: Proven Tactics to Bulletproof Your Crypto Fortune
Decentralized finance (DeFi) grants users unprecedented control over capital, eliminating the need for traditional intermediaries. Yet this freedom demands absolute responsibility—unlike traditional banking, there are no central authorities to insure or reverse transactions. Investors must act as their own bank and security officer in an environment rife with sophisticated attacks targeting both user practices and smart contract vulnerabilities.
High-net-worth individuals must adopt institutional-grade operational security (OpSec) to safeguard substantial crypto assets. The threat landscape requires moving beyond basic precautions to a multi-layered defense strategy. Key measures include cold storage with hardware wallets, multi-signature key management, and rigorous protocol vetting through audits and proven code.
Understanding attack surfaces—particularly smart contract exploitation risks—is non-negotiable. Permission creep poses another critical threat; unused dApp access must be revoked promptly. Enterprise-grade OpSec is no longer optional for those managing significant portfolios in DeFi's high-stakes arena.