Most Web3 losses don’t start with a smart contract bug

A lot of major Web3 losses don’t begin with a Solidity vulnerability. They start with systemic weaknesses:

> Key mismanagement
> Over-privileged or poorly designed access controls
> Centralized infrastructure dependencies
>Unsafe upgrade paths and admin mechanisms

While smart contract bugs often get the spotlight, real-world incidents show a different pattern. Many failures happen around the contracts not inside them.

Smart contract security isn’t just about what’s written in Solidity.

It’s about how systems are operated, upgraded, and controlled once they’re live.

Audits still matter, but security only works when the