{"id":43136,"date":"2026-05-08T05:00:31","date_gmt":"2026-05-08T05:00:31","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=43136"},"modified":"2026-05-08T05:00:31","modified_gmt":"2026-05-08T05:00:31","slug":"defi-platform-trustedvolumes-hit-by-6-7m-hack-as-2026-exploits-surge","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=43136","title":{"rendered":"DeFi Platform TrustedVolumes Hit By $6.7M Hack As 2026 Exploits Surge"},"content":{"rendered":"

Another multi-million-dollar attack has hit the DeFi sector after liquidity provider and market maker TrustedVolumes fell victim to a smart contract exploit on Thursday night.<\/p>\n

TrustedVolumes Hit By $6.7M Hack<\/h2>\n

On Thursday, DeFi platform TrustedVolumes, one of 1inch liquidity providers and market makers, suffered a new exploit that drained millions of dollars in multiple assets from the project.<\/p>\n

According to reports from blockchain security firms PeckShield and Blockaid, the attacker stole approximately $6 million in Wrapped Ethereum<\/a> (WETH), Wrapped Bitcoin (WBTC), USDT, and USDT after exploiting a vulnerability in the protocol\u2019s core signature validation logic, which allowed them to bypass authorization checks and forge trading orders.<\/p>\n

Notably, the hacker quickly exchanged all assets for 2.513 ETH on a Decentralized Exchange (DEX) and distributed them across three addresses. In an X post, TrustedVolumes confirmed<\/a> the incident, sharing the addresses currently holding the stolen funds and updating the estimated loss to roughly $6.7 million.<\/p>\n

\"Defi\"<\/p>\n

The vulnerability was a TrustedVolumes-controlled custom RFQ (request for quote) swap proxy. Crypto researcher Humphrey explained<\/a> that \u201cthe Custom RFQ Swap Proxy contract contains a function designed to manage the \u2018authorized order signer\u2019 whitelist. Such whitelist mechanisms are common in DeFi\u2014only addresses on the whitelist can issue valid transaction instructions on behalf of the protocol.\u201d<\/p>\n

However, he noted that \u201cthis registration function is public and lacks any permission modifiers.\u201d As a result, the attacker exploited this public function within the contract, registering themselves as an authorized order signer.<\/p>\n

\u201cSince any external address can call this function, it is equivalent to giving everyone the ability to make a copy of the safe\u2019s key,\u201d the researcher continued.<\/p>\n

Same Hacker, Different Attack<\/h2>\n

The online reports revealed that the attacker was the same hacker responsible<\/a> for the $5 million 1inch Fusion V1 Settlement contract exploit in March 2025, which TrustedVolumes was the primary victim.<\/p>\n

Humprey highlighted that while the same individual carried out both attacks<\/a>, they were significantly different on a technical level. According to the post, the 2025 vulnerability involved low-level EVM memory manipulation in the 1inch Fusion V1 Settlement contract.<\/p>\n

At the time, the hacker \u201cproactively initiated on-chain negotiations,\u201d offering to return the stolen assets for a white hat bounty. The DeFi platform accepted the proposal, and most of the funds were safely returned.<\/p>\n

Now, TrustedVolumes affirmed that it is \u201copen to constructive communication regarding a bug bounty and a mutually acceptable resolution.\u201d<\/p>\n

Decentralized exchange aggregator 1inch clarified<\/a> that there was no impact on its systems, infrastructure, or user funds, explaining that \u201cTrustedVolumes operate independently as a liquidity provider, used by multiple protocols across the industry, and are not exclusive to 1inch.\u201d<\/p>\n

DeFi Exploits See Historic Surge<\/p>\n

This attack follows a wave of exploits that has shaken the DeFi sector over the past month. Last week, PeckShield revealed that the crypto space saw 40 major hacks in April, which drained approximately $647 million.<\/p>\n

This figure represents a 1,140% Month-over-Month (MoM) increase from March\u2019s $52.2 million. It also represents a 292% surge from the $165 million the DeFi sector lost during the first quarter of 2026.<\/p>\n

Notably, the top two incidents of the month, Drift Protocol<\/a>\u2019s $285 million and KelpDAO\u2019<\/a>s $290 million exploits, accounted for 91% of the funds lost last month. In addition, they now rank among the Top 10 hacks since 2021.<\/p>\n

\"DeFi,<\/p>","protected":false},"excerpt":{"rendered":"

Another multi-million-dollar attack has hit the DeFi sector after liquidity provider and market maker TrustedVolumes fell victim to a smart contract exploit on Thursday night. TrustedVolumes Hit By $6.7M Hack On Thursday, DeFi platform TrustedVolumes, one of 1inch liquidity providers and market makers, suffered a new exploit that drained millions of dollars in multiple assets […]<\/p>\n","protected":false},"author":1,"featured_media":43137,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-43136","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nDeFi Platform TrustedVolumes Hit By $6.7M Hack As 2026 Exploits Surge - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=43136\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DeFi Platform TrustedVolumes Hit By $6.7M Hack As 2026 Exploits Surge - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Another multi-million-dollar attack has hit the DeFi sector after liquidity provider and market maker TrustedVolumes fell victim to a smart contract exploit on Thursday night. 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