DeFi Exploit Insurance Gap: Why Bridge Users Still Have No Real Emergency Playbook
Q2 2026 logged ~70 exploits and ~$746M stolen; bridges led May losses and only ~$9.4M was recovered. Practical steps and comparisons for a real response plan.
The Defiant·
Secret Network's cross-chain bridge to Axelar has been suspended after an attacker exploited a years-old minting flaw in a CW20-ICS20 contract to drain $4.67 million in wrapped tokens over seven undetected days. The exploit ran from June 10 to June 17, drained seven Axelar-wrapped assets, and has
Read full articleQ2 2026 logged ~70 exploits and ~$746M stolen; bridges led May losses and only ~$9.4M was recovered. Practical steps and comparisons for a real response plan.
THORChain's incident underscores the critical need for robust security measures and may influence future cryptographic protocol designs. The post THORChain resumes trading after five-week halt following $10.7M exploit appeared first on Crypto Briefing.
THORChain trading resumes after a $10.7M exploit, with RUNE near $0.419 as vault checks, upgrades and XMR plans shape its recovery path now.
THORChain resumed all network activity after implementing multiple security upgrades and a vault migration to fix the vulnerabilities that led to the $10.7 million exploit.
Secret Network's Axelar bridge connection was suspended after an infinite-mint exploit drained about $4.67 million in wrapped assets.
June 22 Taiko bridge exploit drained up to $1.7M, exposing L2 withdrawal UX gaps and proof risks. Practical steps, trade-offs, and red flags to protect exits.
Reports say Taiko faced a $1.7M bridge-related exploit tied to verification issues, putting Ethereum L2 security back in focus.
Attackers stole $1.7 million in the most recent decentralized finance heist this month using an exploit on one of the network’s bridge protocols; Taiko, an Ethereum layer-2 blockchain, has now asked its users to remove assets from the network’s bridges. On Monday, the layer-2 blockchain brought to light a vulnerability