Samczsun posted: The annual review of smart contracts is the key fourth step to ensuring the security of the protocol

The founder of Security Alliance, Samczsun, stated that relying solely on code audits, formal verification, and high bug bounties is still insufficient to prevent hacker attacks. Annual reviews of smart contracts are the key fourth step to ensuring the security of protocols.

Samczsun pointed out:

1. Higher bug bounties cannot prevent hacker attacks, as this merely doubles the bet that white hats will find vulnerabilities before black hats do. The same amount could be used to support multiple re-audits over several years.

2. Risk levels grow linearly with TVL, but the security budget does not increase accordingly.

3. Audit reports are merely a snapshot security assessment that will expire, while the protocol environment is continuously changing. The only way to refresh the assessment is to conduct a re-audit.

Samczsun believes that by 2026, the crypto industry should adopt annual re-audits as the fourth step to ensure protocol security. Existing protocols with significant TVL should undergo re-audits of their deployments, and audit firms should provide specialized re-audit services focused on assessing the entire deployment. The crypto industry should view audit reports as "potentially expired" point-in-time assessments rather than permanent security guarantees.