Term Labs Lost $8.5M in Governance Exploit
Term Labs lost $8.5 million to a governance exploit in August 2026, as DeFi security incidents reached $139.7 million for the month, the year's third-highest total.
Crypto Exploits
August 2026 Crypto Losses Hit $215 Million: DeFi Risks Persist
CertiK reported $215 million in crypto losses during August 2026, with DeFi accounting for $144.6 million. Price manipulation and phishing dominated attack vectors.
Cronos Halts After $75M Tectonic Exploit
The Cronos blockchain halted after attackers exploited Tectonic's lending protocol for $75 million, exposing systemic flaws in DeFi collateral mechanisms.
Cosmos EVM Flaw Exploited: Six Chains Drained Days After Patch Ships
A critical balance-handling flaw in Cosmos EVM drained six chains between August 20-25, days after the patch shipped, exposing a dangerous gap between disclosure and deployment.
Solana Card Exploit Drains $1.1M, Exposes Shared Vault Risk
A Rain card contract vulnerability drained $1.1M from Avici and Tria users in 72 hours. The exploit revealed a structural flaw in shared card infrastructure design.
The Sandbox Exploit: Bridge Design and Crypto's 2026 Theft Surge
The Sandbox's $49 billion nominal SAND token exploit on LayerZero exposed cross-chain bridge design flaws that now push 2026 crypto theft past $1.2 billion.
Term Labs Lost $8.5M Because Governance Worked Exactly As Designed
An attacker didn't break Term Labs' smart contracts on August 23, 2026. They bought enough voting power to tell the vaults to hand over $8.5M, and the code obeyed.
August 2026's Exploit Chain: Governance, Protocol Dependencies, and Attack Surface Expansion
Five confirmed exploits drained over $13 million across bridges, governance layers, and protocol dependencies, pushing 2026's total losses past $1.26 billion.
Alphapo Hacked: Wallet Drained of $23M
The hot wallets of Alphapo were exploited by hackers, resulting in the loss of more than $23 million in various digital currencies.