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May 6, 2026

Ekubo Protocol Loses $1.4 Million in Wrapped Bitcoin Through Approval-Based Exploit

DeFi protocol Ekubo suffered a $1.4 million loss in wrapped bitcoin after attackers exploited a vulnerability in its EVM swap router contracts through an approval-based attack.

May 6, 2026·2 sources
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Top claims

  • ▪Ekubo Protocol users should review wallet permissions and revoke any unnecessary approvals linked to Ekubo's v2 contract
  • ▪Ekubo Protocol's core protocol users were not impacted by the exploit
  • ▪The IPayer.pay callback flaw allowed the Ekubo Protocol attacker to control key details such as the payer, token, and amount

Subtopics

DeFi1DeFi security1Ethereum Virtual Machine (EVM)1Smart contracts1

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