News linked to both this project and an event.
Odaily, Mitchell Amador, CEO of bug bounty platform Immunefi, stated at the WAIB Summit that new AI models such as Claude Opus 4.8 and ChatGPT 5.5 are shifting the balance of cybersecurity offense and defense in favor of attackers, leading to a resurgence in crypto hacks in 2026. Data from DefiLlama shows that in April 2026, illicit actors stole over $634 million from crypto platforms, the highest monthly total since the Bybit hack in February 2025 drove losses of approximately $1.4 billion.Amador stated that the crypto industry is in a critical survival period for the next three to four years until security teams leverage similar AI models to build codebases that attackers cannot breach; if the industry adopts more crowd-sourced security solutions, this timeline could be shortened to within two years. The latest Claude Mythos model, Fable 5, from AI company Anthropic, previously raised concerns about accelerating the ability to exploit crypto vulnerabilities.Anthropic stated that Fable 5 has safeguards in place that will redirect topics related to cybersecurity and similar fields to Claude Opus 4.8. On April 19, an attacker transferred approximately 116,500 restaked Ethereum (rsETH) from Kelp DAO's LayerZero-based rsETH bridge, valued at around $290 million to $293 million at the time. Cross-chain protocol LayerZero stated that the 1/1 decentralized verification network configuration of Kelp DAO relied on a single verification path for processing cross-chain messages, creating a single point of failure. (Cointelegraph)
According to Cointelegraph, DefiLlama data shows that there have been 518 hacking incidents in the crypto space over the past decade, resulting in cumulative losses exceeding $1.7 billion. A significant portion of these losses stemmed from private key leaks, phishing attacks, and other credential-based attacks. As smart contract security continues to improve, attackers are increasingly shifting their focus toward wallet security, signature infrastructure, development tools, and user operations. Recently, Kelp DAO’s rsETH cross-chain bridge was attacked, with approximately 116,500 rsETH tokens stolen—valued at roughly $290–293 million at the time of the incident.
According to a post by 0xngmi, founder of DefiLlama, following the hack of KelpDAO, Aave is facing severe pressure in handling bad debt. Currently, there are three potential solutions: First, socializing the loss across all users—this would result in an 18.5% impairment for users, generating approximately $216 million in bad debt. Aave’s Umbrella Insurance could cover $55 million, and the treasury could contribute an additional $85 million, leaving a shortfall of roughly $76 million. Second, executing a “rug pull” on rsETH holders on L2 chains—this would generate approximately $341 million in bad debt, with Arbitrum, Mantle, and Base markets suffering the heaviest losses. Third, returning assets to holders based on a pre-attack snapshot—but this approach is extremely operationally challenging, and even after Umbrella Insurance coverage, an estimated $91 million in losses would remain. Additionally, some suggest confiscating the hacker’s collateral to offset part of the bad debt. Meanwhile, Aave’s OG Security Module still holds approximately $300 million worth of AAVE tokens; applying a 20% reduction would provide an additional ~$60 million in loss coverage.