What Is the Risk Associated with an Unchangeable Smart Contract Bug in a Financial System?

The primary risk is the permanent loss or freezing of assets, or the unintended execution of financial logic. Since smart contracts are immutable once deployed, a bug in the code cannot be easily patched.

This vulnerability can be exploited by attackers to drain funds from a derivative platform or cause incorrect settlement, leading to significant financial losses for the consortium members or their clients. This necessitates rigorous auditing and testing before deployment.