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Morning Edition · Saturday, August 1, 2026Published at 1:29 AM EDT · New York
Reward-Recycling Exploit Drains $578,000 From LULA as Smaller DeFi Hacks Persist
An attacker on BNB Chain abused the token's deflation logic, one of several mid-sized incidents cataloged this week.
An attacker drained roughly 578,000 USDT from the LULA token on BNB Chain by exploiting its reward and deflation mechanics, according to a proof-of-concept added to the DeFiHackLabs repository. The vector, described as reward-recycle deflat…
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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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