Wasabi Protocol drained of $4.5 million in apparent admin key compromise
Burns Brief
The exploit used a playbook similar to Drift's $285 million breach earlier this month: a compromised deployer key with no timelock or multisig that drained 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 playbook similar to Drift's $285 million breach earlier this month: a compromised deployer key with no timelock or multisig that drained funds.
Key Takeaways
- The exploit used a playbook similar to Drift's $285 million breach earlier this month: a compromised deployer key with no timelock or multisig that drained funds