Wasabi Protocol drained for $4.5 million in apparent admin key compromise
Burns Brief
The exploit used a similar playbook as Drift's $285 million breach earlier this month — a compromised deployer key with no timelock or multisig that resulted in a drain of funds Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The exploit used a similar playbook as Drift's $285 million breach earlier this month — a compromised deployer key with no timelock or multisig that resulted in a drain of funds.
Key Takeaways
- The exploit used a similar playbook as Drift's $285 million breach earlier this month — a compromised deployer key with no timelock or multisig that resulted in a drain of funds