Wasabi Protocol drained of $4.5 million in apparent admin key compromise

Wasabi Protocol drained of $4.5 million in apparent admin key compromise

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enTechShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailWasabi Protocol drained of $4.5 million in apparent admin key compromiseThe exploit used a playbook similar to Drift's $285 million breach earlier this month: a compromised deployer key with no timelock or multisig that drained funds.By Shaurya Malwa|Edited by Sheldon RebackUpdated Apr 30, 2026, 11:41 a.m. Published Apr 30, 2026, 10:37 a.m. 3 min readMake preferred on The attack on Wasabi Protocol adds to the year's heaviest month for exploits. (Boitumelo/Unsplash)What to know: Wasabi Protocol, a perpetuals trading platform on Ethereum and Base, was drained of about $4.55 million after attackers compromised its deployer admin key.The attacker used the compromised key to grant themselves admin privileges and alter Wasabi’s vault contracts to

Source: https://www.coindesk.com/tech/2026/04/30/wasabi-protocol-drained-for-usd4-5-million-in-apparent-admin-key-compromise