One of the major innovative points of cryptocurrencies and the current DeFi wave is that many interesting things can be built which are non-custodial. Taking o

One of the major innovative points of cryptocurrencies and the current DeFi wave is that many interesting things can be built which are non-custodial. Taking one of the largest DeFi exchanges for instance: Uniswap. If the devs of uniswap decide to try and steal all of the funds that have been locked up in their contracts they can't[1] That being said there are plenty of DeFi projects that claim to have no backdoor, but they do. And just because something is non-custodial doesn't mean that the value of the token won't go to zero, e.g. here's a good example of a project that went to zero even though there wasn't a known backdoor: https://www.rekt.news/iron-finance-rekt/ https://www.rekt.news/iron-finance-rekt/ [1]: Assuming no one has missed a backdoor in the code