2 days ago
Scallop DeFi Exploit Exposes Deprecated Contract Risk Amid April 2026’s $606M Loss Streak
DeFiSecurityDeFi hack 2026DeFi losses April 2026DeFi risk managementdeprecated contract vulnerabilitySCA tokenScallop exploitSui blockchain securitySui lending protocol
TLDR: Scallop’s $140K loss came from a deprecated rewards contract, not its core lending protocol infrastructure. April 2026 has recorded 13 DeFi exploits, pushing total industry losses past $606M, the worst month since Bybit. Scallop passed a full Sui Foundation audit in February 2025, yet the deprecated contract remained an open risk. Experts recommend spreading [...]
The post Scallop DeFi Exploit Exposes Deprecated Contract Risk Amid April 2026’s $606M Loss Streak appeared first on Blockonomi.
Source: Blockonomi →Related News
- 6 hours ago
LayerZero Pledges 10,000 ETH to DeFi United as Industry Rallies Behind Kelp DAO...
- 11 hours ago
Aave, Compound Unveil Technical Plan to Address Fallout From $290M Kelp DAO Hack
- 12 hours ago
A crypto coalition releases technical proposal to save Aave users from a massive...
- 15 hours ago
Visa is teaming up with a Tether co-founder to build onchain banks
- 1 day ago
Aave-Led 'DeFi United' Relief Effort Raises $300 Million to Cover Kelp DAO Explo...