Wasabi Protocol has suffered a multi-chain exploit leading to losses of over $5 million across Ethereum, Base, Berachain, and Blast. Reports indicate the attacker used the deployer wallet to grant ADMIN_ROLE to a malicious helper contract, which then performed a UUPS upgrade of perp vaults and the LongPool. This upgrade replaced core logic with a harmful implementation that allowed funds to be drained across connected chains. The incident highlights risks in privileged access control and upgradeable smart contract designs in DeFi systems.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The old traditional portfolio split is looking a little less fashionable in the era of…
BitMine added another 7,391 ETH last week, bringing its total holdings to about 5.805 million…
Story Highlights The live price of the LINK token is . LINK price prediction for…
Tap-to-earn mobile mining network Pi Network is now just one day away from another major…
Tutorial (TUT) has suddenly become one of the market’s biggest movers after an explosive rally…
Strategy sold 1,690 BTC for $108.6 million last week and used the proceeds to repurchase…
