Aug 11, 2026
DeFi lending protocol Edel Finance halted its version-one protocol after an attacker exploited the wrapping mechanism for tokenized Alphabet stock, artificially inflating collateral values by 7,700% and extracting $403,000. The team stated no depositors would bear losses.
European stablecoin issuer StablR suffered a contract exploit draining between $3-10 million, causing EURR and USDR to crash over 20% below their pegs. On-chain investigator ZachXBT flagged the incident as a live hack affecting StablR-linked contracts.
Consensys and founder Joseph Lubin contributed 30,000 ETH to the DeFi United initiative aimed at recovering losses from the Kelp DAO exploit. The industry-wide effort has now raised over $300 million worth of Ethereum from multiple protocols and entities.
A coalition of DeFi protocols deployed a joint emergency mechanism to help Aave ETH lenders and loopers exit positions after the Kelp DAO bridge exploit created systemic risk across lending markets. The response demonstrates DeFi's architectural openness can produce rapid crisis solutions.
DeFi protocol Rhea Finance on NEAR was exploited for $18.4 million through deliberately constructed swap routes and fake token contracts, with losses more than doubling initial estimates of $7.6 million.