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Decentralized finance platform Echo Protocol suffered a security breach on its Monad network deployment after an attacker compromised an administrative key. Liquidity Limits Prevent Massive Losses Echo Protocol, a decentralized finance ( DeFi) platform focused on bitcoin liquidity, was hit by a security exploit on Monday, May 18, after an attacker compromised an administrative key … Read more
Cross-chain bridges, infrastructure that allows assets to move between separate blockchain networks, have now lost $328.6 million to attackers across eight separate incidents in May 2026. Crypto’s Worst Year for Cross-Chain Hacks Blockchain security and data analytics firm Peckshield released a mid-May tally of eight bridge-related exploits that collectively drained $328.6 million from cross-chain protocols … Read more
Since the $292 million KelpDAO incident, decentralized finance has endured a brutal stretch, with fallout spreading well beyond the initial exploit. Lending protocol Aave has been among the hardest hit, as its total value locked has fallen 44% during a month that exposed just how fragile confidence across the DeFi sector can become after a … Read more
Thorchain suffered an estimated $10 to $11 million exploit on Friday, after attackers used vault churn address poisoning to redirect funds during a routine migration process across multiple blockchains. Thorchain Funds Compromised Onchain investigator ZachXBT first flagged the incident via his Telegram channel, placing initial losses above $7.4 million before revised estimates pushed the total … Read more
Ether withdrawals are expected to resume within 24 hours for KelpDAO users after a coordinated burn of the attacker’s rsETH tokens on Arbitrum successfully neutralized the exploit’s impact. MORE THAN AN EXPLOIT The rsETH bridge lockbox on Arbitrum is being refilled, and ether withdrawals for users affected by the KelpDAO exploit are expected to start … Read more
Following a $300 million exploit on April 18, 2026, KelpDAO has publicly challenged LayerZero Labs’ account of the incident, alleging that the bridge provider is deflecting blame for its own infrastructure failures. The Dispute Over Network Configuration KelpDAO has issued a blistering response to Layerzero Labs following an April 18 exploit that drained more than … Read more
Onchain investigator ZachXBT has accused U.S. law firm Gerstein Harrow LLP of filing fraudulent claims over frozen crypto assets linked to North Korea’s Lazarus Group, a tactic he says directly harms the actual victims of recent exploits. Key Takeaways: ZachXBT named Gerstein Harrow LLP for filing fake DPRK claims to seize $71M in frozen KelpDAO … Read more
Carrot, the Solana-based decentralized finance ( DeFi) yield protocol, announced its shutdown on Thursday, following direct losses tied to the April 1 exploit on Drift Protocol, which drained approximately $285 million from the Drift platform in minutes. Key Takeaways: Carrot ( DeFi Carrot) shut down April 30, 2026, citing the $285 million Drift Protocol exploit … Read more
April 2026 closed as the most-hacked month in crypto history by incident count, with Defillama confirming 28 to 30 separate exploits and more than $625 million stolen across the industry. Key Takeaways: Defillama confirmed April 2026 as the most-hacked month in crypto history, with 28-30 incidents totaling over $625M stolen. Drift Protocol lost $285M on … Read more
An attacker seized control of Wasabi Protocol’s deployer admin key on Thursday, draining an estimated $4.5 million to $5.5 million from perp vaults and liquidity pools across three blockchains. Key Takeaways: An attacker drained $4.5M to $5.5M from Wasabi Protocol by compromising the deployer EOA admin key on April 30, 2026. Virtuals Protocol froze margin … Read more