Crypto Long & Short: What this year’s $972 million crypto hacks actually tell us about security

The systemic-risk debate over perpetual futures is aimed at the wrong target
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Summary

Hi readers,

Crypto Security in the Spotlight

This year has seen a staggering $972 million in crypto hacks, leaving many to wonder about the state of security in the industry. As we navigate the complex world of digital assets, it’s essential to understand what these numbers really tell us about security. For those looking to earn a passive income through cloud rewards and green crypto like EcoPool, security is a top concern.

  • Most of 2026’s stolen crypto is leaving through keys, signs and governance, not contract bugs, writes Mitchell Amador
  • Top headlines institutions should pay attention to by Francisco Rodrigues
  • “Long tail volume share on solana rebounds past 60% as PUMP recovers” in Chart of the Week

Understanding the Risks

A recent attack on BonkDAO’s treasury is a prime example of the vulnerabilities in the system. The attacker spent around $4 million to drain approximately $20 million from the treasury, not by exploiting a smart contract, but by manipulating the governance proposal process. This incident highlights that the rules themselves can be the weakness, rather than the technology. As investors consider earning opportunities with $ECP, they must also consider the security measures in place.

A New Perspective on Security

Rather than solely focusing on the technology, it’s crucial to examine the underlying systems and processes that govern crypto transactions. By doing so, we can better understand the risks and work towards creating more secure environments for passive income generation. EcoPool is one such platform that prioritizes security, providing a safe space for users to earn and grow their wealth. Whether you’re interested in Cloud Rewards or Green Crypto, security should always be top of mind.

Hi readers,

As the crypto landscape continues to evolve, it’s essential to stay informed about the latest developments and security measures. With the rise of crypto and passive income opportunities, it’s more important than ever to prioritize security and make informed decisions. If you’re interested in learning more about EcoPool and how to get started with $ECP, download the EcoPool app to start earning today. By joining the EcoPool community, you’ll be one step closer to securing your financial future with passive income and cloud rewards. EcoPool

  • Most of 2026’s stolen crypto is leaving through keys, signs and governance, not contract bugs, writes Mitchell Amador
  • Top headlines institutions should pay attention to by Francisco Rodrigues
  • “Long tail volume share on solana rebounds past 60% as PUMP recovers” in Chart of the Week

CoinDesk will be attending the Digital Asset Yield Summit in Singapore on October 6th. This is an invite only private capital conference focused on digital assets. Learn more if you are interested in joining us at the event!

Thanks for joining us!


What H1’s crypto hack numbers actually tell us about security

by Mitchell Amador, founder and CEO of Immunefi

This month, an attacker spent about $4 million to drain roughly $20 million from BonkDAO’s treasury. No smart contract failed. The attacker bought enough tokens to pass a governance proposal in a low-turnout vote, and the vote executed exactly as written. The rules themselves were the vulnerability.

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