Tagged: exploit

May 25, 2026 @ 10:21 pm By Omar Faridi  |  

A serious security incident has hit StablR, causing its euro-linked EURR and dollar-linked USDR stablecoins to lose their intended parity. The breach enabled the production of roughly $13.5 million in unsupported tokens through unauthorized access to administrative controls. The event, which surfaced on May 24,… Read More

May 18, 2026 @ 7:46 am By Omar Faridi  |  

A decentralized finance project called Verus is grappling with a serious security incident involving its cross-chain connection to Ethereum. Blockchain monitoring experts have confirmed that malicious actors have extracted roughly $11.58 million in cryptocurrency assets from the bridge so far, sparking immediate concerns across the… Read More

May 17, 2026 @ 3:36 pm By Omar Faridi  |  

Digital asset traders and investors focused on the decentralized finance (DeFi) sector are increasingly favoring high-return strategies while sidelining protective measures, leaving substantial capital exposed to sophisticated attacks. This behavior persists despite warnings from leading blockchain analytics providers and evolving regulatory scrutiny from US authorities…. Read More

May 13, 2026 @ 11:47 pm By Omar Faridi  |  

LayerZero, a cross-chain messaging protocol, has publicly apologized for its handling of communications following a major security incident involving Kelp DAO. In a detailed update released on its official blog, the company admitted shortcomings in its initial response and took direct responsibility for a critical… Read More

May 1, 2026 @ 8:13 am By Omar Faridi  |  

On April 30, 2026, Wasabi Protocol—a so-called “decentralized” perpetual futures platform focused on leveraged trading of memecoins and other assets—experienced a significant exploit resulting in the drainage of approximately $4.5–5.5 million from its vaults and pools. The breach impacted deployments on Ethereum, Base, Berachain, and… Read More

April 30, 2026 @ 11:42 am By Omar Faridi  |  

A collaborative alliance of decentralized finance ecosystem participants has stepped forward with a detailed technical roadmap to fully reinstate collateral support for Kelp DAO’s rsETH token. This initiative comes in direct response to a major security breach on April 18 that resulted in the unauthorized… Read More

April 29, 2026 @ 3:29 pm By Omar Faridi  |  

ZetaChain has temporarily suspended all cross-chain transactions on its mainnet after its development team detected a targeted exploit on the GatewayEVM smart contract. The move underscores the ongoing challenges in securing decentralized infrastructure that powers seamless interactions across multiple blockchain / DLT networks. ZetaChain operates… Read More

April 28, 2026 @ 7:33 pm By Omar Faridi  |  

Researchers at NYDIG have recently analyzed a major DeFi ecosystem April 2026 exploit that underscores how minor technical choices can ripple into widespread market disruptions. Titled “The Butterfly Effect Comes to DeFi,” the report dissects the $292 million theft from Kelp DAO’s cross-chain bridge and… Read More

April 27, 2026 @ 1:22 am By Omar Faridi  |  

The Litecoin (LTC) network has demonstrated a fair amount of resilience following a brief security incident triggered by an unknown zero-day vulnerability. This flaw led to a denial-of-service assault that temporarily interrupted operations at several prominent mining pools. The event, which occurred over the weekend,… Read More

April 24, 2026 @ 5:12 pm By Omar Faridi  |  

Chainalysis noted that on April 18, 2026, cybercriminals believed to be tied to North Korea’s Lazarus Group executed one of the largest DeFi heists of the year, siphoning approximately $292 million (116,500 rsETH) from KelpDAO’s LayerZero-powered bridge. Unlike typical smart-contract vulnerabilities, this breach targeted off-chain… Read More

April 20, 2026 @ 2:39 pm By Omar Faridi  |  

Kelp DAO, a key player in the Ethereum restaking ecosystem, has encountered a severe security breach involving its cross-chain bridge, leading to the significant depletion of its rsETH token reserves. The incident, which unfolded over the weekend, underscores ongoing vulnerabilities in decentralized finance infrastructure, particularly… Read More

April 13, 2026 @ 2:59 pm By Omar Faridi  |  

Philadelphia-based singer-songwriter Garrett Dutton, better known by his stage name G. Love of the band G. Love & Special Sauce, has publicly shared a devastating financial setback. On April 11, 2026, Dutton revealed on social media that he lost approximately 5.9 BTC—valued at over $420,000… Read More

April 13, 2026 @ 9:24 am By Omar Faridi  |  

On April 13, 2026, the bridge facilitating Polkadot’s DOT token transfers to Ethereum was compromised. Unauthorized actors have allegedly exploited administrative privileges in the bridge’s smart contract on the Ethereum network, enabling the creation of 1 billion unbacked DOT tokens. These tokens were then rapidly… Read More

April 4, 2026 @ 10:17 am By Omar Faridi  |  

Stablecoin issuer Circle’s (NYSE:CRCL) operations have come under sharp scrutiny following the recent $285 million exploit of Drift Protocol, a prominent decentralized perpetual futures exchange on the Solana blockchain. The incident has ignited widespread debate about the issuer’s responsiveness and its ability to intervene when… Read More

April 3, 2026 @ 1:18 pm By Omar Faridi  |  

In arguably one of the most audacious cryptocurrency thefts of the year, attackers believed to be linked to North Korea siphoned approximately $285 million in user funds from Drift Protocol on April 1, 2026. TRM Labs pointed out that the operation, completed in roughly 12… Read More

April 2, 2026 @ 12:08 pm By Omar Faridi  |  

Blockchain security firm PeckShield has reported that cryptocurrency hacks and related vulnerabilities resulted in roughly $52 million in stolen funds during March 2026. The total stemmed from about 20 significant incidents, marking a 96 percent jump from February’s $26.5 million haul and reversing a brief… Read More

April 2, 2026 @ 7:59 am By Omar Faridi  |  

Solana-based perpetual futures exchange Drift Protocol fell victim to a large-scale security breach on April 1, 2026. On-chain monitoring firms reported that attackers siphoned roughly $285 million in various cryptocurrencies from the platform’s primary vault, marking one of the most substantial DeFi incidents of the… Read More

March 30, 2026 @ 2:03 am By Omar Faridi  |  

Balancer Labs, the corporate entity behind of one of decentralized finance’s longest-running automated market makers, is winding down operations. Co-founder Fernando Martinelli announced the decision in a governance forum post on March 24, 2026, roughly five months after a devastating exploit in November 2025 drained… Read More

March 23, 2026 @ 9:11 pm By Omar Faridi  |  

Blockchain analytics firm Chainalysis has dissected the recent breach of the Resolv decentralized finance protocol, revealing how a compromised private key enabled the printing of roughly $25 million in unsupported stablecoins. Occurring on March 22, 2026, this incident highlights the growing dangers posed by off-chain… Read More

March 23, 2026 @ 3:53 pm By Omar Faridi  |  

Blockchain security firm CertiK has released a detailed forensic breakdown of the March 10, 2026, exploit that drained roughly $242,000 from the Movie Token (MT) project on the BNB Smart Chain. The incident, which targeted a popular deflationary token integrated with PancakeSwap liquidity, stemmed from… Read More