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Morning Edition · Wednesday, August 19, 2026Published at 1:47 AM EDT · New York
Bridge and Exchange Losses Keep Coming From Signatures and Prices, Not Contract Bugs
Recent incidents at Coinsbuy, AFX Trade, and VerusCoin, plus a new proof of concept against a bonds pool, all trace to trusted inputs rather than to flaws in the code an auditor would read.
The security incidents catalogued by Rekt News over recent weeks share a structure. At Coinsbuy, an attacker drained about $8.07 million from wallets across Tron and Ethereum on August 9, and the company replenished the affected wallets wit…
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Part of a tracked trend
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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