Apr 26, 2026
Scallop DeFi Exploit Exposes Deprecated Contract Risk Amid April 2026’s $606M Loss Streak
DeFiSecurityDeFi hack 2026DeFi losses April 2026DeFi risk managementdeprecated contract vulnerabilitySCA tokenScallop exploitSui blockchain securitySui lending protocol
TLDR: Scallop’s $140K loss came from a deprecated rewards contract, not its core lending protocol infrastructure. April 2026 has recorded 13 DeFi exploits, pushing total industry losses past $606M, the worst month since Bybit. Scallop passed a full Sui Foundation audit in February 2025, yet the deprecated contract remained an open risk. Experts recommend spreading [...]
The post Scallop DeFi Exploit Exposes Deprecated Contract Risk Amid April 2026’s $606M Loss Streak appeared first on Blockonomi.
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