Wasabi Protocol hit by multi-chain attack after admin key compromise
Crypto Briefing
Wasabi Protocol suffered a multi-chain attack due to an admin key compromise, draining liquidity pools and resulting in over $5 million in losses.Summary
Wasabi Protocol, a DeFi platform for trading long-tail assets, experienced a significant multi-chain attack after its admin key was compromised. The attacker exploited the deployer key to implement a malicious contract upgrade, which subsequently drained liquidity pools across Ethereum, Base, Berachain, and Blast. Blockchain security firm Blockaid reported that all Wasabi LP tokens should now be considered worthless, as the underlying assets have been drained or are at risk. Users are strongly advised to revoke any active approvals to the protocol's vault contracts immediately. PeckShield estimated the total losses from the attack to be upwards of $5 million.
(Source：Crypto Briefing)