NEIRO

Wasabi Protoc
2026-07-08 14:20:16

Wasabi Protocol Loses $5M in Admin Key Hack Across Three Chains

On April 30, 2026, Wasabi Protocol suffered a key management breach losing approximately $4.5–5.5 million across Ethereum, Base, and Blast chains. The attacker exploited the deployer's private key to upgrade proxy contracts and drain funds. Users are urged to revoke approvals immediately.

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Wasabi Protocol Loses $5M in Admin Key Hack Across Three Chains
DeFi security
2026-07-08 14:20:16

Wasabi Protocol Loses $5M in Admin Key Hack Across Three Chains: DeFi Security Under Threat

On April 30, 2026, Wasabi Protocol suffered a $4.5M-$5.5M loss after an attacker seized its deployer admin key on Ethereum, Base, and Blast. The hack exploited proxy upgrade vulnerabilities via compromised private keys. Users are urged to revoke all approvals immediately. This incident adds to over $600M in DeFi losses in April 2026.

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Wasabi Protocol Loses $5M in Admin Key Hack Across Three Chains: DeFi Security Under Threat