Tagged: hack

May 5, 2026 @ 1:44 pm By Omar Faridi  |  

Decentralized finance, or DeFi, has been a hot buzzword for the past 7 years. Although DeFi total-value-locked or TVL has surged dramatically over the years from merely $500 million (roughly speaking) in 2018 to currently in the tens of billions of dollars (according to available data), the… Read More

May 1, 2026 @ 1:00 pm By Omar Faridi  |  

Blockchain intelligence firm TRM Labs reports that groups tied to North Korea have seized a commanding share of cryptocurrency thefts early in 2026. By the close of April, these operations accounted for approximately 76 percent of all documented hack-related losses, pulling in about $577 million… 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 26, 2026 @ 5:24 pm By Omar Faridi  |  

CoinGecko pointed out that a major DeFi security lapse in cross-chain infrastructure has left billions in crypto assets exposed. According to the latest analysis from CoinGecko, the wake-up call stems from the $292 million hack of Kelp DAO on April 18, 2026—the largest DeFi exploit… Read More

April 24, 2026 @ 7:44 am By Omar Faridi  |  

The Mantle network has put forward a draft proposal to extend a substantial credit line to DeFi protocol Aave. The initiative aims to help the leading lending protocol manage substantial uncollectible positions stemming from a recent high-profile security breach involving Kelp DAO’s restaked Ethereum token…. Read More

April 22, 2026 @ 12:09 pm By JD Alois  |  

In just the first few months of 2026, DeFi has struggled with hacks and exploits, including a loss topping $600 miillion in April. Estimates place the total pilfered at around $750–800 million, driven largely by two large incidents. The largest DeFi exploit of 2026 was… 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 19, 2026 @ 4:23 pm By Omar Faridi  |  

Drift Protocol—the Solana-based perpetual futures exchange—has arranged substantial new capital to address losses from a recent security breach and prepare for a full operational restart. The platform, which experienced a sophisticated attack linked to North Korean actors earlier in April, saw approximately $270 million in… 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 7, 2026 @ 10:21 am By JD Alois  |  

Global law firm Jones Day experienced an embarrassing hack as a handful of clients had their information posted on the Silent Ransom Group (SRG) website. Reuters reports that the law firm confirmed the breach and all clients have been notified. In May 2025, the federal… 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 3, 2026 @ 11:15 am By Omar Faridi  |  

Research findings released ahead of World Backup Day by Kaspersky have shed light on how people around the globe are managing their most private information in an increasingly connected world. A comprehensive survey carried out by the company’s market research team polled 3,000 adults across… 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 22, 2026 @ 3:30 pm By Tony Zerucha  |  

Plenty has changed in the three years since Immunefi released its first State of On-Chain Security Report, and not necessarily for the good. Should your protocol get hacked in 2026, the stats suggest the direct theft will be roughly $25 million. Your token will shed… Read More

February 24, 2026 @ 7:03 pm By Omar Faridi  |  

On February 21, 2026, IoTeX, a Layer-1 blockchain designed to link Internet of Things devices with decentralized applications and real-world artificial intelligence, faced a targeted security breach involving a compromised private key. The incident affected the project’s cross-chain bridge system, known as ioTube, leading to… Read More

February 23, 2026 @ 11:50 am By JD Alois  |  

Eventually, Quantum computing is expected to change everything; older security protocols will fall to the wayside unless updated as the race continues between cyber attacks and the defenses that counter them. A recent X post citing Elon Musk’s statement indicates that Bitcoin, the world’s most… Read More

February 22, 2026 @ 6:26 pm By Omar Faridi  |  

February 21, 2026 marks the first anniversary of the largest confirmed cryptocurrency theft in history. On that day in 2025, hackers drained roughly $1.46 billion in digital assets from Dubai-based exchange ByBit. Blockchain intelligence firm Elliptic was among the first to link the attack to… Read More

January 13, 2026 @ 4:05 pm By Omar Faridi  |  

In a significant blow to the nascent decentralized computing space, the Truebit Protocol fell victim to a sophisticated smart contract exploit on January 8, 2026. Attackers drained approximately 8,535 ETH, valued at around $26.44 million, from the protocol’s reserves. The incident, analyzed by the SlowMist… Read More