The incidents spanned various protocols and platforms, highlighting the breadth of the challenges. Notably, the Hexagate platform experienced the exploitation of a single MEV Bot, leading to losses of around $200,000.
Ethereum’s Zunami Protocol fell victim to price manipulation attacks, resulting in the loss of 1,179 ETH, equating to about $2.2 million.
Further turmoil followed, with hackers targeting Ethereum scaling solution Metis’s official Twitter account and the Discord server of Sei Network.
Rocket Swap, a project within the Base ecosystem, suffered an attack, resulting in the theft of RCKT tokens valued at approximately $868,000, later converted to ETH and transferred to Ethereum.
Aug. 16 brought a significant breach as the SwirlLend lending protocol siphoned around $2.9 million from Base and $1.7 million from Linea. A security lapse in Made by Apes’ SaaSy Labs API also exposed personal information related to MBA applications.
On August 18, the Exactly Protocol, a DeFi lending platform, faced an attack that led to a staggering loss of over 7,160 ETH, or approximately $12.04 million. The following day, the cross-chain stablecoin protocol Harbor Protocol was exploited, resulting in the loss of multiple assets across different chains.
Closing out the turbulent week, Thales, a derivative market platform, announced a breach on August 20. A core contributor’s computer was compromised, leading to breaches in hot wallets totaling $25,000 and admin bots amounting to $10,000.
This surge in security incidents is a stark reminder of the evolving threats within the cryptosphere, prompting stakeholders to intensify efforts to fortify their systems against malicious actors.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
