- Curve founder has said hired hackers are making it hard to secure DeFi platforms
- Michael Egorov said the hackers are responsible for coordinated attacks on DeFi protocols on multiple blockchains
- Egorov said the coordination allows hackers to penetrate even the strongest security measures
Curve founder Michael Egorov has revealed the presence of “for hire” crypto hackers who conduct coordinated attacks on DeFi protocols on multiple networks. Egorov said the hackers conduct coordinated attacks, allowing them to bypass even the strongest security measures, consequently making it difficult to guarantee the security of DeFi platforms. The Curve Finance founder noted that the coordinated efforts have a “greater impact and profit,” making it an ideal way to compromise DeFi platforms that operate on multiple blockchains.
Hackers Employing “Calculated Behavior”
Speaking to Decrypt, Egorov said that the “calculated behavior” is becoming common among malicious actors. He added that the hired hackers are open to taking bribes to compromise a platform provided “someone is willing to pay.”
Egorov said traditional infrastructure, like SMS-based authentication methods, is “unsafe” because security needs in the DeFi sector are higher and different. According to the Curve executive, it’s hard to stop an attack once it begins since “all transactions become final almost instantly.”
Egorov’s revelations come a few days after blockchain security firm CertiK noted that hackers are no longer concentrating on vulnerabilities in DeFi platforms’ code and are instead exploiting the human aspect through social engineering tactics.
CertiK disclosed that crypto hackers have pocketed more than $2 billion so far in 2025, with most of the funds stolen through wallet compromise. Malcious actors also stole a significant amount through phishing, access control, code vulnerability, exit scams, and price manipulation attacks.
Hackers Invent New Methods
The Curve founder’s observations also come at a time when hackers are inventing new methods to nab unsuspecting victims. Some of the methods include posing as job seekers, creating fake web3 firms, and selling malware-laced phones.
With hackers willing to be hired, DeFi projects must employ unconventional security methods to protect user funds.
