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DeFi Gets Rocked By Even More Exploits

Another wave of chaos hit crypto this morning, with three separate exploits across Sui, Near, and Base exposing DeFi's fragile underbelly.
DeFi Gets Rocked By Even More Exploits
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A fresh trio of exploits rocked the crypto ecosystem this morning, with Sui-based Aftermath, Near-based Sweat Economy, and Base-based Syndicate Syndicate* all exploited or otherwise compromised in separate incidents today.

What's the Scoop?

  • Aftermath Exploit: Aftermath Finance Aftermath Finance on Sui Sui has confirmed an isolated exploit of its perpetual futures product. Core contracts and other services went unaffected, but the attacker managed to extract $1.14M in USDC across 11 transactions. A seemingly simple flaw in the protocol’s builder code system allowed attackers to set negative fees, enabling them to siphon riches instead of paying fees. The Sui Foundation and Mysten Labs have committed to compensating victims of this exploit.
  • Sweaty Blunder: Sweat Economy – a "move-to-earn" application on deployed to the Near blockchain – saw multiple team wallets drained rapid 30-second window, extracting 13.71B SWEAT (approximately 65% of total token supply). The team has yet to acknowledge the incident via X or Telegram, leaving it unclear whether this was an actual exploit or insider rug.
  • Syndicate Falls: Syndicate's official "Commons" bridge was exploited, allowing an attacker to illicitly acquire ~18.5M SYND tokens, which they dumped for roughly $330k before bridging their spoils to Ethereum. The team says it’s working with security firms to trace the attack and is exploring options to compensate affected users.


Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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