Morning Edition · Saturday, July 11, 2026Published at 1:31 AM EDT · New York
Governance Takeover, a Signing-Library Flaw, and a Laser: July's Security Ledger
A $20 million treasury drain at BonkDAO, a $2.4 million Cardano wallet exploit, and a lab attack on Tangem cards show losses arriving through governance, code, and hardware alike.
Recent on-chain thefts arrived through three distinct routes, none of them a classic smart-contract reentrancy. BonkDAO lost roughly $20 million from its treasury on July 6 in a governance attack: the attacker spent about $4.4 million to ac…
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Bridge and Mint Exploits Sustain Heavy DeFi Losses
Over 3-6 months, recurring bridge proof-validation and unauthorized-mint exploits keep monthly DeFi losses elevated, including drains of deprecated contracts.
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