StakeDAO exploit creates 5.4 trillion vsdCRV but nets only $91K

AI Impact AnalysisGrok analyzing...

📄Full Article· Automatically extracted by trafilatura1325 words

Stake DAO said it was aware of the incident. Source: Stake DAO Shalev Keren, chief product officer and co-founder of crypto key-management firm Sodot, told Cointelegraph that the StakeDAO incident was “structurally similar” to other deployer-key compromises seen this year, including the Wasabi incident last month, which drained about $5.5 million in crypto. Keren said a single StakeDAO deployer key on Arbitrum was used to repoint the vsdCRV cross-chain bridge configuration to an attacker-controlled contract on Ethereum. About 25 seconds later, that contract sent a LayerZero message back to Arbitrum, causing the legitimate Arbitrum token to mint more than 5 trillion vsdCRV to the attacker. Related: Crypto hackers stole $17B over past 10 years: DefiLlama “There is no smart contract bug here and no flaw in LayerZero,” Keren said. “There is one private key, controlling one privileged configuration function, with no multi-signature and no delay between the configuration change going through and the mint clearing onchain.” Keren said the broader issue for DeFi protocols in 2026 is no longer only whether contracts are audited, but whether the operational keys behind those contracts remain single points of failure. Magazine: ETH bears growling, Tom Lee’s buying, XRP to ‘explode’: Market Moves More on the subject

Data Status✓ Full text extractedRead Original (CoinTelegraph)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-05-15

THORChain pauses trading after suspected $10M exploit

Similarity 280%標的 ETH關鍵字 exploit

2026-05-08

Mantle tokenholders approve 30K ETH Aave credit facility after rsETH exploit

Similarity 280%標的 ETH關鍵字 exploit

2026-04-23

Circle Economist Proposes Higher USDC Rates on Aave V3 After KelpDAO Exploit

Similarity 250%標的 ETH關鍵字 exploit

2026-04-22