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According to @ai_9684xtpa, the third significant hacking event of 2026 has occurred, resulting in staggering losses. Key incidents include Venus suffering a $2.15 million bad debt due to THE token price manipulation, Resolve experiencing an over-minting of 80 million USR tokens (partially frozen), and Drift losing more than $285 million in assets. The hackers have converted the stolen funds into 129,065.54 ETH, which are now stored in four newly created wallets. Traders should monitor the potential impact on Ethereum (ETH) liquidity and security protocols.

According to @EmberCN, an address that received 7,400 ETH from Tornado Cash initiated a liquidation event involving CAKE and THE tokens. This caused a $2.15 million deficit for Venus Protocol, while the hacker extracted approximately $5.07 million worth of assets, including 2,172 BNB, 1.516 million CAKE, and 20 BTC.

According to PeckShieldAlert, the IoTeX.io Bridge has suffered a hack resulting in over $8 million worth of cryptocurrency being stolen due to a compromised private key. The hacker has reportedly swapped the stolen funds into ETH and is using Thorchain to bridge them into BTC, raising concerns about the security of cross-chain bridges.