Morning Edition · Thursday, October 22, 2026Published at 1:48 AM EDT · New York
In most of the past month's largest incidents, attackers used credentials and components the systems treated as valid. NEAR Intents recovered its $3.8 million loss, and Balancer holders voted 99.2% to wind the protocol down.

Rekt News published post-mortems on several of the past month's largest thefts. Together, they show a common pattern: in most cases, the attacker did not break the contract code itself. Instead, the attacker used a credential, key or tool t…
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Part of a tracked trend
Losses Move to Components That Worked as Designed
A growing share of DeFi losses will come not from buggy contract code but from components behaving exactly as specified — oracle forwarders, validator signature sets, governance votes and other trusted off-contract inputs — so audits and bug bounties scoped to on-chain code keep missing the failure surface, and protocols will be repeatedly forced to extend review, scope and monitoring to their privileged operational infrastructure.
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