a16z’s Eddy Lazzarin says crypto hacks appear worse because blockchain transparency exposes exact losses instantly, while TradFi breaches often bury the true scale of damage

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DefiLlama’s hacks board shows $16.5B lost across 524 incidents, with bridges alone over $3.2B; that table is basically crypto’s public loss database. Ronin, Poly Network, and Bybit became reputational craters because the flows were traceable in real time, but that same traceability is why freezes, bounty markets, and Lazarus clustering happen within hours instead of after an 8-K. Protocols should publish failed-exploit counts, pause latency, and recovery rates, because right now CT only sees the fire, not the sprinklers.

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Eddy Lazzarin, Partner at Andreessen Horowitz (a16z.com)

a16z’s Eddy Lazzarin says crypto hacks appear worse because blockchain transparency exposes exact losses instantly, while TradFi breaches often bury the true scale of damage

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