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Odaily News: Blockchain intelligence firm TRM Labs reports that 32 price manipulation attacks have been recorded in 2026, surpassing the total of any previous full year; 2025 saw 12 incidents throughout the year. Such attacks account for roughly one-eighth of hacker incidents, up from one-seventeenth in 2022.Attackers typically first inflate the price of low-liquidity tokens, then use them as collateral to borrow other assets from lending protocols. Subsequently, they cause the collateral price to plummet and abandon the collateral, potentially leading to bad debt in the lending pools.According to DeFiLlama data, the total value locked in crypto-collateralized lending protocols has grown by approximately 56% over the past two years, approaching $50 billion, with active loan volume nearing $29 billion. The sector currently hosts over 570 lending protocols.Recently, Tectonic suffered losses exceeding $70 million after the TONIC price was artificially inflated, with the attacker ultimately extracting approximately $6 million in assets after the Cronos chain was rolled back; Moonwell also previously incurred losses of around $8.7 million due to manipulation of the MAMO oracle price. (Bitcoin.com News)
According to PeckShieldAlert, the cryptocurrency industry saw 50 major attack incidents in August 2026, an increase of 67% over the 30 incidents in July. Total losses reached approximately $136.3 million, a 49.5% decrease from the $270 million in July. The Tectonic.cro incident caused approximately $74 million in losses, ranking as the fourth-largest crypto theft of the year, behind only attacks associated with Drift, KelpDAO/LayerZero, and COLDCARDwallet. The attacker managed to cross-chain only around $6 million to Ethereum before Cronos suspended its entire network, leaving the rest of the funds mostly stranded on Cronos. The attacker has since started laundering the illicit proceeds and bridging a portion to Bitcoin, amounting to roughly $200,000 to date. Other significant attack incidents in August involved Moonwell, Termlabs, Coinsbuy, TAC, Injective, MANTRA, BounceBit, Cosmos Labs, and aquifer.
According to monitoring by Blockaid, its vulnerability detection system detected suspicious activity on Moonwell on Base. The attacker manipulated MAMO collateral pricing to borrow cbBTC from the mCBTC market. To date, approximately 50.6 cbBTC (valued at over $4 million) have been observed being transferred. More details remain to be disclosed.