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

According to Mars Finance, Samczsun, founder of the Security Alliance, stated that relying solely on code audits, formal verification, and high bug bounties is insufficient to prevent hacking. Annual smart contract reviews are the crucial fourth step in ensuring protocol security. Samczsun pointed out: 1. Higher bug bounties cannot stop hacking because they merely double down on the bet that white hats will find vulnerabilities before black hats. The same amount could be used to support multiple re-audits over several years. 2. Risk levels increase linearly with TVL (Total Value Limit), but security budgets do not. 3. Audit reports are only security assessments at a specific point in time and become outdated, while protocol environments are constantly changing. The only way to refresh an assessment is to conduct a new audit. Samczsun believes that by 2026, the crypto industry should adopt annual re-audits as the fourth step in ensuring protocol security. Existing protocols with significant TVLs should have their deployments re-audited, and auditing firms should provide specialized re-audit services focused on assessing the entire deployment. The crypto industry should view audit reports as "potentially outdated" point-in-time assessments, not as permanent security guarantees.