Things are not looking good in DeFi land this week! Two cross chain bridges got hit. KLAYswap suffered from a surgical BGP hijacking of its 3rd party dependency to replace the smart contract address on the front-end Dapp and steal crypto from site’s visitors. Justin Sun may be at it again with a governance attack on Compound Protocol to force a TUSD vote. Insider threats, careless access controls, reentrancy, and other bugs netted attackers $333M in a single week, that’s more than all of the losses combined in 2020. Let’s learn from these mistakes and make the blockchain security ecosystem stronger.
© 2025 Peter Kacherginsky
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