5 articles tagged with #defi-exploits. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
April 2026 emerged as the worst month for cryptocurrency exploits with $606M in losses across 12 incidents, representing a 3.7x increase over Q1 totals. Major attacks included Drift Protocol's $285M social engineering breach and Kelp DAO's $293M bridge vulnerability exploit, signaling escalating security risks in DeFi infrastructure.
Gravity Bridge, a Cosmos cross-chain protocol, suffered a $5.4 million attack over the weekend due to a compromised signing key, marking another significant bridge exploit in 2026. The attacker stole primarily stablecoins and wrapped assets, with portions already laundered through exchanges, highlighting persistent vulnerabilities in bridge access controls rather than smart contract code.
April 2026 experienced a record 29 cryptocurrency exploits, marking the highest monthly attack count on record according to DeFiLlama data cited by analyst Ali Martinez. The surge reflects escalating security vulnerabilities across digital asset protocols and has intensified investor concerns about the safety of decentralized finance infrastructure.
Sterling Crispin created a bot that automatically bets 'No' on non-sports Polymarket predictions, exploiting the platform's tendency toward unfulfilled or delayed event resolutions. The strategy highlights systemic issues with prediction market liquidity and the prevalence of unlikely outcomes.
February 2026 saw crypto hack losses drop to just $26.5 million across 15 incidents, representing a 69% decline from January and the lowest monthly figure in 11 months. Two major attacks on YieldBlox ($10M) and IoTeX ($9M) accounted for over 70% of total losses, while improved security standards and AI-powered monitoring tools are helping reduce vulnerabilities.
