Non-custodial multichain crypto wallet Ctrl Wallet will cease operations on August 3, 2026, following a security exploit. Users are urged to withdraw assets or export recovery phrases within the next month to avoid losing access.
Security exploits on DeFi bridges are deterring institutional investors, despite stablecoin and tokenized asset growth. Losses from bridge hacks total $328.6 million in 2026, making 'Do Your Own Research' difficult due to system complexity. Institutions demand traditional finance-like controls, potentially undermining DeFi's core principles.
Polymarket experienced a security exploit affecting a wallet used for internal top-up operations, potentially compromising a six-year-old private key. While at least $600,000 was drained, the company assures user funds and core infrastructure remain safe.
