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Morning Edition · Monday, August 17, 2026Published at 1:44 AM EDT · New York
Bridge Keys and Payment Wallets Drive the Summer's Confirmed Crypto Losses
Coinsbuy lost about $7.9 million across Ethereum and Tron with proceeds laundered through Monero, weeks after validator-key compromise drained $24.15 million from AFX Trade and a repeat bridge exploit took $7.54 million from Verus.
Three incidents tracked by Rekt define the current loss pattern, and none of them depended on a novel contract bug. Coinsbuy, a crypto payment processor, saw wallets linked to its service drained of more than $7.9 million on 9 August. The w…
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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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