Wall Street's hesitation to embrace blockchain technology is largely due to the increasing threat of AI-powered cyberattacks. CertiK CEO Ronghui Gu highlighted that April marked a particularly challenging period for decentralized finance (DeFi), with security breaches occurring on 27 out of 30 days. This surge in exploits underscores the vulnerabilities that financial institutions face, making them wary of integrating blockchain solutions despite the technology's potential benefits.