THORChain’s Critical Vulnerability Pattern: Why a DeFi Protocol Failed Six Times in Five Years
THORChain experienced six separate major security breaches over five years, totaling approximately $227 million in lost or trapped cryptocurrency assets. Each attack exploited a different architectural layer—from smart contracts and validator software to TSS cryptography and economic design flaws—revealing systemic vulnerabilities in DeFi protocol security.
DeFi Security Crisis: April’s 28 Exploits Reveal Shifting Attack Vectors Beyond Smart Contract Vulnerabilities
April 2024 witnessed 28 DeFi exploits resulting in $635 million in stolen assets—a monthly record. Unlike previous hack waves targeting smart contract code, this month’s attacks predominantly utilized social engineering, bridge spoofing, and AI-powered reconnaissance to compromise blockchain platforms.
