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Post-Mortem of 2026’s Biggest Crypto Exploit: Attributed, Not Recovered
The attacker has been attributed. The money may never come back. LayerZero says North Korea's Lazarus Group, the same actors behind the $285M Drift exploit three weeks earlier. KelpDAO and LayerZero now blame each other for the configuration. The bigger truth: you can't sanction a smart contract or extradite a wallet.
2026’s biggest crypto exploit. $13B wiped out.
One transaction. Forty-six minutes. $292M gone. The ensuing panic wiped $13B in the next 48 hours. DeFi has yet to demonstrate the control maturity of a regulated institution. The solution is not complicated. What is missing is the will to prioritise cybersecurity and governance over speed to market.
51 percent attack on cryptocurrency
The privacy coin Verge has just been hit by a 51% attack for the second time in a month, with $1.75M and $1.1M stolen on consecutive occasions. Look closely and it is not a 51% attack in the traditional sense. It is a time-warp exploit, made possible by the same recurring failure: coding shortcuts that traded resilience for speed.