Report: $36.7M lost to smart contract hacks in past six months

At least $36.7 million has been lost in DeFi hacks related to unverified smart contracts over the past six months, according to a report from blockchain analytics firm Chainalysis cited by Cointelegraph. The report states that hackers are increasingly targeting protocols with undisclosed source code. The largest single incident involved Truebit, where an attacker exploited a vulnerability in an unverified smart contract deployed on Ethereum since 2021 to steal $26.2 million. Other affected protocols include Trusted Volumes, Aperture Finance, and Ekubo. Chainalysis also noted that recent advancements in decompilers and AI technology are making these exploits easier. The firm explained that smart contracts that once required days of analysis by security experts can now be hacked at scale using AI.