Anatomy of a Preventable Drain: What the Wasabi Protocol Exploit Teaches DeFi About Admin Key Security, Governance Architecture, and Operational Discipline
1d ago · 27 min read · Introduction On April 30, 2026, Wasabi Protocol lost $5.9 million across Ethereum, Base, Berachain, and Blast in under three minutes. The attacker did not exploit a bug in the smart contract code. The
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