Wasabi Protocol Loses $4.5 Million Due to Alleged Admin Key Breach
The DeFi sector continues to hemorrhage funds, with Wasabi Protocol being the latest victim. On Thursday, the platform, which offers perpetual trading on Ethereum and Base, was drained of approximately $4.55 million after its deployer key was compromised, according to security firm Blockaid. This incident is the latest in a string of DeFi losses, which have exceeded $605 million across 12 inciden…
April 30, 2026, 10:37 a.m.