DeFi hacks have cost over $840 million in the first five months of 2026. North Korea-linked actors are responsible for 76% of losses, utilizing sophisticated social engineering and AI. Experts cite structural weaknesses in bridges and admin systems as key vulnerabilities.
Professional traders remain steady on ETH despite recent DeFi exploits, with Ethereum's market share and institutional demand providing support
Aave is asking a New York court to stop creditors from reaching frozen ETH that was set aside for victims of a major DeFi exploit. The fight turns a crypto recovery effort into a legal test over whether stolen assets can be redirected before users are made whole. Aave filed an emergency motion last week […] The post Aave warns $71M exploit recovery could be seized before victims are repaid appeared first on CryptoSlate.
Crypto hack losses in April reached $629.7 million, the highest monthly total in more than a year, driven mainly by major DeFi exploits at KelpDAO and Drift Protocol. Analysts say attackers are increasingly targeting offchain infrastructure rather than only smart contract bugs.
Flying Tulip, a DeFi platform founded by Andre Cronje, has implemented a circuit breaker mechanism that can delay or queue withdrawals during abnormal outflows. The feature aims to slow fund exits when outflow capacity is exceeded, giving the team time to investigate suspicious activity. The implementation follows April DeFi losses exceeding $600 million, including $280 million from Drift Protocol and $293 million from Kelp, with researchers noting vulnerabilities increasingly tied to infrastructure and operational weaknesses rather than just smart contract bugs.
Flying Tulip said its withdrawal safeguard is designed to fail open, while a status page lets users monitor the system in real time.
In just under three weeks, cyber operatives linked to the Democratic People’s Republic of Korea (DPRK) have stolen more than $500 million from crypto DeFi platforms. This marks a drastic escalation in Pyongyang’s state-sponsored campaign to bankroll its weapons programs through cryptocurrency theft. Drift and KelpDAO drive North Korea's over $500 million DeFi exploits Notably, […] The post North Korea hit crypto for $500M+ this month — and the $6.75 billion threat is not over yet appeared first on CryptoSlate.
Hackers have stolen over $17 billion across 518 crypto incidents over the past decade, with private key compromises being the leading attack vector, according to DefiLlama data. Around 22.3% of incidents stemmed from brute force private key attacks and 18.2% from unknown methods, while 10% involved multi-signature wallet phishing. The findings come after the industry's largest 2026 hack drained $290-293 million from Kelp DAO's rsETH bridge, with DeFi protocols losing $600 million in the past 60 days.
