DeFi Exploit Wave Worsens With $5.87M At TrustedVolumes Hack And Increased Security Concerns
Finance DeFi Exploit Wave Worsens With $5.87M At TrustedVolumes Hack And Increased Security Concerns The breach is part of a growing list of vulnerabilities afflicting the ecosystem, and adds to the tally as at least five DeFi exploits have been reported this month. Blockchain security firm Blockaid attributed the hack to an attacker who managed to successfully drain 1,291.16 WETH, 206,282 USDT, 16.939 WBTC and 1,268,771 USDC, all transacted on Ethereum network. When news first broke, the scale of the breach was staggering, but even more staggering is that it happened as DeFi protocols are facing increased scrutiny for their security. The attack is said to still be ongoing, which has created an urgency within security teams and the crypto community at large to stop any further losses. As money continues to change hands, investigators have begun tracking on-chain movements in real time. In a troubling turn of events, Blockaid has linked the exploit of TrustedVolumes to the same actor that perpetrated the 1inch Fusion V1 March 2025 Attack. The connection suggests a pattern of serial attacks and raises tantalising questions about how established threat actors continue to exploit vulnerabilities across multiple DeFi underbelly. This attackers return highlights an industry-wide systemic error of insufficient deterrence and improper