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DeFi exploit wave 2026Update 15 of 27
BackedFi Loses $204K in Exploit

BackedFi Suffers ~$204K Exploit on Ethereum

Unverified — auto-generated summary, not yet reviewedAltsJul 1, 2026

A relentless wave of DeFi exploits—spanning smart contracts, oracles, bridges, and layer-2 networks—is setting record losses and forcing emergency responses across the crypto ecosystem.

Ethereum-based RWA and DeFi project BackedFi suffered a suspicious attack resulting in losses of approximately $204,200.

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