DeFi Platform TrustedVolumes Hit By $6.7M Hack As 2026 Exploits Surge

Another multi-million-dollar attack has hit the DeFi sector after liquidity provider and market maker TrustedVolumes fell victim to a smart contract exploit on Thursday night.

On Thursday, DeFi platform TrustedVolumes, one of 1inch liquidity providers and market makers, suffered a new exploit that drained millions of dollars in multiple assets from the project.

However, he noted that “this registration function is public and lacks any permission modifiers.” As a result, the attacker exploited this public function within the contract, registering themselves as an authorized order signer.

“Since any external address can call this function, it is equivalent to giving everyone the ability to make a copy of the safe’s key,” the researcher continued.

At the time, the hacker “proactively initiated on-chain negotiations,” offering to return the stolen assets for a white hat bounty. The DeFi platform accepted the proposal, and most of the funds were safely returned.

Now, TrustedVolumes affirmed that it is “open to constructive communication regarding a bug bounty and a mutually acceptable resolution.”

This attack follows a wave of exploits that has shaken the DeFi sector over the past month. Last week, PeckShield revealed that the crypto space saw 40 major hacks in April, which drained approximately $647 million.

This figure represents a 1,140% Month-over-Month (MoM) increase from March’s $52.2 million. It also represents a 292% surge from the $165 million the DeFi sector lost during the first quarter of 2026.