To assess investment risks in DeFi projects after protocol exploits costing millions, use this framework:  
1. **Team & Governance**: Evaluate developer credibility and decentralization level.  
2. **Smart Contract Security**: Review audit history and exploit response.  
3. **Tokenomics**: Analyze supply, incentives, and liquidity risks.  
4. **Market Conditions**: Assess volatility and competitor performance.  
5. **Community & Transparency**: Check communication and recovery plans post-exploit.  
Quantify risks via historical data, TVL trends, and X sentiment analysis. Prioritize audited, battle-tested protocols with strong fundamentals.