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Web3 Security Needs Two Strategies: Pre-Deploy Audits and Post-Deploy Monitoring

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Major crypto hacks like the $625M Ronin Bridge attack and the $197M Euler Finance exploit represent fundamentally different failure modes — social engineering and undetected code flaws respectively — yet the Web3 security industry often treats them as a single problem. Pre-deployment tools and audits are designed to catch vulnerabilities in smart contract code before funds are at risk, but even thorough reviews by multiple firms can miss critical bugs, as the Euler case demonstrated. Once a contract is live, the threat shifts from code integrity to runtime risks like rug pulls and honeypot tokens, which require real-time on-chain monitoring rather than static analysis. The Nomad Bridge lost $190M in August 2022, four months after a security review, with a misconfiguration triggering a cascade of copycat exploits that active monitoring could have flagged early. Experts argue that effective Web3 security requires both layers working in tandem, since neither pre-deploy auditing nor post-deploy surveillance alone is sufficient to protect users and protocols.

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