TrustedVolumes DeFi platform suffers $6.7 million hack due to smart contract vulnerability
Here's what it means for you.
The recent hack of TrustedVolumes highlights critical vulnerabilities in DeFi platforms, emphasizing the need for improved security measures.
What happened
TrustedVolumes was hacked for $6.7 million due to a smart contract exploit.
The Context
- The exploit involved a vulnerability in the Custom RFQ Swap Proxy contract.
- This incident is part of a broader trend of increasing DeFi exploits, with 40 major hacks reported in April 2026 alone.
- 1inch confirmed that its systems and user funds were not affected by the attack on TrustedVolumes.
Takeaway
The DeFi sector must enhance security measures to prevent future exploits as attacks continue to rise.
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