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You are at:Home » DeFi Hacks Surge After $280M Drift Protocol Exploit
DeFi

DeFi Hacks Surge After $280M Drift Protocol Exploit

News RoomNews RoomApr 17, 2026 1:48 am EDT1 ViewsNo Comments3 Mins Read
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A minimum of 12 DeFi procedures and crypto services have actually been assaulted in simply over 2 weeks because the $280 million Drift Procedure make use of on April 1.

Attacks targeted at crypto procedures or business because the start of April consist of CoW Swap, Hyperbridge, Bybit, Dango, Silo Financing, BSC TMM, Aethir, MONA, Zerion and, most just recently, Rhea Financing and the Grinex exchange.

The Drift Procedure was struck with among the biggest exploits this year on April 1, losing around $280 million in a long-running social engineering attack believed to include North Korean-affiliated stars.

The attacks likewise come in the middle of growing issues this month that advancing AI designs, such as Anthropic’s Claude Mythos and comparable designs, might ultimately make it even easier for cyberattackers in the future.

Rhea Financing made use of for $7.6 million

DeFi procedure Rhea Financing reported on Thursday that an aggressor “leveraged a vulnerability in Rhea’s Margin Trading function to carry out a collaborated swimming pool control attack,” affecting the Rhea Provide wise agreement.

Rhea Financing updates its users on the make use of. Source: Rhea Financing

Around $7.6 million was drawn out, according to blockchain security company CertiK.

” The opponent produced phony token agreements and included liquidity in fresh swimming pools, most likely misguiding the oracle and recognition layer,” it discussed.

On The Other Hand, the Russia-linked Grinex exchange suspended operations after a $13.7 million hack on Thursday, blaming “hostile states” for the attack.

Related: Stablecoin company Circle deals with suit over $280M Drift Procedure hack

Another attack this month was targeted at the Binance Smart Chain TMM/USDT liquidity swimming pool, which suffered a reserve control attack, leading to the loss of around $1.67 million in early April, R3ACH Network expert Jussy stated on Thursday.

It followed simply days after bridge aggregator Dango lost $410,000 from a clever agreement bug on April 13.

In the exact same month, providing procedure Silo Financing lost $392,000 on April 3 from a misconfigured oracle make use of and decentralized GPU cloud computing platform Aethir lost $423,000 in a gain access to control make use of on April 9.

DPRK ups AI social engineering attacks

The Drift Procedure and Zerion wallet exploits were 2 examples of Democratic Individuals’s Republic of Korea-affiliated groups utilizing AI and social engineering to penetrate crypto business to take qualifications and funds.

Harmful stars pilfered over $168.6 million in cryptocurrency from 34 DeFi procedures in the very first quarter of 2026, according to information from DefiLlama.

Publication: Forget stablecoin yield, how does the clearness Act deal with DeFi?

Cointelegraph is dedicated to independent, transparent journalism. This news post is produced in accordance with Cointelegraph’s Editorial Policy and intends to supply precise and prompt info. Readers are motivated to validate info individually. Read our Editorial Policy https://cointelegraph.com/editorial-policy

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