Unverified DeFi Contracts Lose $36.7M — Immediate Risk for Token Approvals and On‑Chain Security
Hackers siphoned $36.7 million from unchecked DeFi contracts, forcing users to audit approvals before every new launch.
Cowlpane has published 8 articles on defi security — primarily in Crypto , with coverage from 2026. Sourced from global financial publications.
Hackers siphoned $36.7 million from unchecked DeFi contracts, forcing users to audit approvals before every new launch.
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DeFi liquidity platform Echo Protocol confirmed an exploit that minted 1,000 unauthorized eBTC, costing roughly $77 million, with $816,000 laundered via Tornado Cash.
A hacker exploited the Verus‑Ethereum bridge, draining $11.6 million in assets and moving 5,402 Ether to a flagged address. The incident follows recent ETF filings for BNB and highlights ongoing security risks in DeFi.
The KelpDAO exploit exposed vulnerabilities in bridge infrastructure, prompting DeFi to focus on governance and operational security rather than smart‑contract bugs. The incident signals a broader industry pivot toward resilience.