Michael Egorov, the founder of Curve Finance, has highlighted the rising threat of 'for-hire' hackers who are increasingly coordinating cross-platform attacks on decentralized finance (DeFi) projects. Egorov's comments come in the wake of a DNS attack on Curve Finance that undermined their security measures. Hackers gained control of Curve's domain without prior notification, redirecting users to malicious sites despite the implementation of strong passwords and two-factor authentication. He noted that the current security landscape demands higher standards, as all blockchain transactions are irreversible. The security report from CertiK revealed that code vulnerabilities accounted for a significant portion of the $302 million lost in various crypto exploits in May 2025. This includes a notable $225 million attack on the Cetus Protocol, emphasizing a disturbing trend of increased coordinated efforts among hackers targeting the crypto industry. Egorov warns that traditional security measures, such as SMS-based two-factor authentication, are insufficient in the crypto world and pose significant risks due to the finality of transactions.

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