Wire Network
4.3K posts
@WireNetwork
Cross-chain infrastructure for humans and AI agents. Build once, deploy across all supported chains. No bridges. Mainnet summer 2026.
Near Intents lost $600K. THORChain lost little money ChangeNOW and other cross-chain swap services also suffered losses, though it’s unclear how much. In the long run, most fast bridges and cross-chain swaps will suffer losses due to block reorgs or coordinated blockchain attacks related to deposits and withdrawals.
We normalized fragmented liquidity for years. We forced users through risky bridges, wrapped tokens, and terrible UX just to interact. That era is dead. Chain abstraction is the new baseline for survival.
I really think that agent harness is the final Operating System so we are working on evolving IronClaw design toward that. It's critical that this future Operating System is User-Owned: private, aligned with the user's success and generic to allow to do anything.
NEW: Tether freezes two separate wallet addresses totaling $344M USDT on Tron. The reason is unknown, while rumors are already spreading. This is the largest asset freezing for Tether to date. Insane week in DeFi.
🔥 @Aave sees $11B TVL drop following $292M @KelpDAO Hack #Aave’s TVL plunged from $26B to $15B within days, an $11B drop triggered by the $292M #KelpDAO bridge exploit. It lost $6.2B in hours alone, down 23%. The hack caused $200M in bad debt across Aave’s rsETH markets, pushing pools to 100% utilization and trapping an estimated $5B as whales rushed to exit before rsETH turned insolvent. @Morpho, @SkyEcosystem, and #JupLend also saw heavy outflows, with total sector withdrawals reaching approximately $15B in 72 hours. Even #Solana protocols with no direct rsETH exposure were hit. $606M was stolen across 12 exploits in 18 days. @DriftProtocol ($285M on April 1st) and KelpDAO ($292M on April 18th) made up 95% of losses, with both linked to North Korea’s Lazarus Group. It marks the worst month since the Bybit hack in February 2025.
Unfortunately, another one. Volo Protocol on Sui was exploited for $3.5M across WBTC, XAUm, and USDC vaults. Team already intercepted 19.6 WBTC mid-bridge, now out of hacker control. Vaults frozen, remaining $28M TVL safe - importantly, Volo will absorb the loss. Fast response matters. The attack surface in DeFi keeps shifting across chains and vault designs, but the difference between a $3.5M incident and a protocol-ending event is how the team moves in the first hour. Credit to Volo for fast reaction.
Wormhole, by the numbers. $4B+ was moved across 256K+ messages in Q1 2026.
Oracle manipulation is still draining DeFi protocols in 2026. 🚨 Rhea Finance was hacked for an estimated $7.6M because its price oracle relied on recent data to price tokens, not taking historical context into account.
Hacks and exploits are still happening. Even in 2025–2026, DeFi keeps getting hit: • smart contract bugs • oracle manipulation • flash loan attacks Billions have been lost recently. Security still isn’t solved. Take your money out of DeFi. Stay safe.
