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Why Did 97% of DeFi Users Lose Their Assets to a Silent System?

Why Did 97% of DeFi Users Lose Their Assets to a Silent System?

I watched the chain as it unfolded—not just a theft, but a quiet unraveling of trust. On May 16, a user lost $3.2M not to hackers, but to the illusion of ownership itself. The tokens didn’t vanish; they migrated—across chains, into Tornado Cash, like ghosts slipping through firewalls. This isn't about losing crypto. It’s about realizing we never owned it at all. I write this at 3 a.m., alone in my North Beach apartment, wondering if freedom was ever real—or just another smart contract waiting to be audited.
Research Hub
defi security
torno cash
•1 month ago
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