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Decentralized insurance stories

Sep 7, 2026

Cozy Finance suffers second exploit, losing $170,000 on Optimism blockchain

DeFi insurance protocol Cozy Finance was exploited for approximately $170,000 on the Optimism network, with the attacker draining funds and bridging them out within 13 minutes. Blockchain security firm Blockaid flagged the attack early Monday, marking the second time Cozy Finance has been compromised.

Sep 7, 2026·1 source
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Top claims

  • ▪Cozy Finance ranks fifth among DeFi insurance protocols on DefiLlama, holding approximately $1.3 million in total value locked as of September 2026.
  • ▪DeFi protocol Full Sail shut down operations after suffering a security exploit that drained approximately $91,000 in early September 2026.
  • ▪Approximately $320 million in Bitcoin was drained from the Liquid Network on September 7, 2026, with the actors claiming white-hat intentions.

Subtopics

DeFiDeFi securityLayer 2s

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