Wasabi Protocol Losses Rise to $5.5 Million as Multiple Networks Affected

Key Facts

Estimated losses from the Wasabi Protocol exploit have climbed to $5.5 million, impacting networks such as Ethereum, Base, Blast, and Berachain via compromised administrative keys. In a new development, a coordinated attack targeting legacy Ethereum wallets has resulted in over $800,000 in losses, specifically exploiting old keys that had been exposed for years. Meanwhile, Syndicate Labs confirmed that its Commons cross-chain bridge was exploited for $380,000 in SYND tokens due to a leaked upgrade key. Carrot protocol also announced its shutdown after its Total Value Locked (TVL) plummeted from $28 million to $1.99 million following the $285 million Drift exploit. These events occur during a record-breaking month for crypto exploits, with total losses exceeding $630 million in April alone. The recurring breaches and resulting insolvencies highlight persistent vulnerabilities within the DeFi ecosystem as technical teams work to track stolen assets.

Version History