Crypto Hacks Continue as Wasabi Protocol Drained of $4.5 Million in Admin Key Compromise

Crypto hacks continue as Wasabi Protocol drained of $4.5 million in admin key compromise

The exploit used a playbook similar to Drift's $285 million breach earlier this month: a compromised deployer key with no timelock or multisig that drained funds.

Wasabi Protocol Drained of $5 Million After Admin Key Compromise Spans Four Chains

Another day, another DeFi protocol drained. Wasabi Protocol, a perpetuals trading platform operating across Ethereum, Base, Berachain, and Blast, lost between $4.5 million and $5.5 million on April 30 after an attacker compromised the deployer admin key and used it to systematically empty vault contracts across all four chains.The attack was fast and methodical. Once the attacker had the admin key, they called grantRole on Wasabi's permission co…

Wasabi Protocol Exploit Drains $5.5M Across Four Chains As Compromised Admin Key Exposes Critical Security Flaw

The Wasabi Protocol suffered a massive hack, losing more than $5.5 million across four blockchains: Ethereum, Base, Blast and Berachain. The exploitation stems from vulnerabilities, but investigations to date confirm that the exploit was not due to any weakness of the protocol’s own smart contract code itself. Rather, the hack was due to a compromised deployer wallet, exposing one of DeFi’s ever-so-persistent weaknesses: excessive reliance on ce…

Wasabi Protocol Hack: $5M Stolen Across Multiple Blockchains

The Wasabi Protocol hack drained more than $5 million across several blockchains early Thursday. Security firms said the breach involved a compromised deployer EOA admin key. The attacker used that access to upgrade contracts and move funds from multiple networks. PeckShieldAlert reported the incident on X. The firm said Wasabi Protocol is exploited for more […]

Wasabi Loses $5M+ in Latest DeFi Exploit

On-chain perpetual futures protocol Wasabi has been hacked with attackers draining over $5 million across Ethereum, Base, Berachain, and Blast, blockchain security firm PeckShield reported on X from their alerts account earlier today, April 30. Wasabi acknowledged the incident on X, urging users to... Read the full story at The Defiant

Wasabi Protocol Suffers Over $5M Loss in Multi-Chain Exploit

Wasabi Protocol was exploited for over $5M in an exploit across Ethereum, Base, Berachain, and Blast. A compromised admin key from the Wasabi deployer wallet was used to upgrade contracts and drain funds.  The exploit signals ongoing admin key risks and may raise fresh concerns after April 2026 saw over $600M lost. On April 30, 2026, Wasabi Protocol suffered a major exploit that drained more than $5 million across Ethereum (ETH), Base, Berachain…