SmartContractRisk
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DeFi in Trouble – 4 Hacks in 30 Days
Between late June and July 2025, the following DeFi protocols were exploited:
UPCX lost $70M via admin key compromise, used to upgrade contracts and drain liquidity pools
ZKsync experienced an admin mint attack, issuing $5M in unbacked tokens
Zoth lost $8.4M via vault contract desync bugs
Wemix’s NFT platform suffered a $6.1M loss after stolen auth tokens bypassed rate limits
Most of these platforms delayed audits or used unaudited forks from older platforms. Some even reused contract libraries from 2022 with known CVEs.
Lesson: Security is not optional in DeFi. Always verify, never trust.
Cashtags: $ETH , $DAI
Hashtags: #DeFiHack #SmartContractRisk #KeySecurity
Between late June and July 2025, the following DeFi protocols were exploited:
UPCX lost $70M via admin key compromise, used to upgrade contracts and drain liquidity pools
ZKsync experienced an admin mint attack, issuing $5M in unbacked tokens
Zoth lost $8.4M via vault contract desync bugs
Wemix’s NFT platform suffered a $6.1M loss after stolen auth tokens bypassed rate limits
Most of these platforms delayed audits or used unaudited forks from older platforms. Some even reused contract libraries from 2022 with known CVEs.
Lesson: Security is not optional in DeFi. Always verify, never trust.
Cashtags: $ETH , $DAI
Hashtags: #DeFiHack #SmartContractRisk #KeySecurity
$K TOKEN COLLAPSES AFTER ARBITRUM EXPLOIT – DOWN 87% IN 24H
Kinto’s $K token has crashed following a major exploit in its Arbitrum mint contract, allowing nearly 7M tokens to be created — far exceeding its actual supply.
🔻 Price dropped 45% in 1 hour, over 87% total
🔍 Exploit occurred off-network, not on Kinto mainnet
💼 Attacker used inflated tokens as collateral to drain USDC from Morpho
🔐 User wallets and bridge vaults remain secure
Kinto is now working with Seal 911, Hypernative, Venn, and Zeroshadow to investigate. Recovery efforts are underway.
#Kinto #DeFiExploit #Arbitrum #CryptoSecurity #SmartContractRisk
Kinto’s $K token has crashed following a major exploit in its Arbitrum mint contract, allowing nearly 7M tokens to be created — far exceeding its actual supply.
🔻 Price dropped 45% in 1 hour, over 87% total
🔍 Exploit occurred off-network, not on Kinto mainnet
💼 Attacker used inflated tokens as collateral to drain USDC from Morpho
🔐 User wallets and bridge vaults remain secure
Kinto is now working with Seal 911, Hypernative, Venn, and Zeroshadow to investigate. Recovery efforts are underway.
#Kinto #DeFiExploit #Arbitrum #CryptoSecurity #SmartContractRisk
🛡️ Meta Pool Exploit: Liquid Staking Gets Drained
Like & comment if you're still bullish on LSTs.
Another day, another DeFi exploit. This time it’s Meta Pool — a liquid staking protocol on NEAR — losing control of validator permissions. The attacker used multisig manipulation to hijack funds and unstake assets, draining them rapidly.
This isn’t just a hit to Meta Pool, it’s a blow to trust in cross-chain LST platforms. It also raises a key question: who’s really in control of your “decentralized” assets?
As restaking narratives grow hotter, so do the risks of smart contract shortcuts.
⏳ Decentralization takes time — and true security isn’t programmable overnight.
#MetaPool $NEAR #DefiExploits #LiquidStakingMomentum #CryptoSecurity #SmartContractRisk
Like & comment if you're still bullish on LSTs.
Another day, another DeFi exploit. This time it’s Meta Pool — a liquid staking protocol on NEAR — losing control of validator permissions. The attacker used multisig manipulation to hijack funds and unstake assets, draining them rapidly.
This isn’t just a hit to Meta Pool, it’s a blow to trust in cross-chain LST platforms. It also raises a key question: who’s really in control of your “decentralized” assets?
As restaking narratives grow hotter, so do the risks of smart contract shortcuts.
⏳ Decentralization takes time — and true security isn’t programmable overnight.
#MetaPool $NEAR #DefiExploits #LiquidStakingMomentum #CryptoSecurity #SmartContractRisk
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