Dragonfly managing partner Haseeb Qureshi has emphasized the importance of prioritizing security and community protection over the strict 'code is law' principle for smaller blockchain ecosystems. This statement follows the recent Balancer hack, which saw varied responses from different blockchains. Berachain validators paused their network due to its integration with Balancer, Polygon validators froze the hacker's transactions, and Sonic implemented features to freeze and nullify the hacker's account. These actions highlight effective security measures for smaller ecosystems.