When you're about to deposit funds into a protocol or use any crypto service, checking its safety track record isn't something you can skip anymore—it's just basic common sense for protecting your capital.
Knowing what's gone wrong in the past, how exploits happened, and which projects have faced critical issues is honestly the bare minimum before you commit any real money. The more you understand about previous failures and vulnerabilities in this space, the better equipped you are to spot red flags early.
If you want to dig into this data and learn from the hard lessons the ecosystem has already paid for, the historical records are out there—take a look and do your homework.
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0xLuckbox
· 12-19 14:54
A painful lesson, how many people are still blindly throwing money in
In one sentence, those who don't do their homework are all leeks
History will repeat itself, but you can choose not to be cut
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ProofOfNothing
· 12-19 14:48
To be honest, I've heard this set of words many times, but how many people actually go and check the audit reports? Most people still jump in out of FOMO.
Doing homework is indeed important, but the key is how many people actually look into the historical records... I personally am too lazy to check, and only realized I lost out after the fact.
Vulnerabilities are hard to prevent entirely; no matter how cautious you are, black swan events can still happen. It really all depends on luck.
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DegenDreamer
· 12-19 14:46
Honestly, it should have been like this a long time ago. How many people are still blindly YOLOing, only to be rug pulled or exploited by vulnerabilities and lose everything.
Doing your homework is about whether you want to stay in this space long-term or just take a quick profit and leave.
With so many lessons from history laid out there, those who don't learn deserve it.
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WalletDetective
· 12-19 14:39
You're right, are there still people rushing in without checking the project background... It's really about making money, bro.
Luna, FTX, and that bunch of rugged projects... history will repeat itself. Doing homework really saves lives.
Honestly, I've seen too many painful lessons from others. It's better to remember.
That's why I always review project audit reports and past vulnerability records. It's not being pretentious, it's about staying alive and leaving this market.
When you're about to deposit funds into a protocol or use any crypto service, checking its safety track record isn't something you can skip anymore—it's just basic common sense for protecting your capital.
Knowing what's gone wrong in the past, how exploits happened, and which projects have faced critical issues is honestly the bare minimum before you commit any real money. The more you understand about previous failures and vulnerabilities in this space, the better equipped you are to spot red flags early.
If you want to dig into this data and learn from the hard lessons the ecosystem has already paid for, the historical records are out there—take a look and do your homework.