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BTC Drops for Days—Rally Over?HTX Community April Creation ContestDaily 5K USDT Airdrop - Join & Win!Wasabi Protocol has been hit by a multi-chain exploit worth more than $5 million, according to bloc

Wasabi Protocol has been hit by a multi-chain exploit worth more than $5 million, according to blockchain security firms. The attack affected Ethereum, Base, Berachain, and Blast. Summary Wasabi Protocol was exploited for over $5 million across Ethereum, Base, Berachain, and Blast. Security firms said a compromised admin key allowed attackers to upgrade contracts and drain funds. Wasabi told users not to interact with its contracts while the team investigates the exploit. PeckShield said the exploit targeted Wasabi Protocol across several networks. The affected chains included Ethereum, Base, Berachain, and Blast. Security firms said the attack drained more than $5 million from the DeFi derivatives platform. The incident adds to a sharp rise in DeFi exploits reported this month. You might also like: U.S. says it seized nearly $500 million in Iranian crypto assets Compromised admin key linked to attack Blockaid and CertiK said the attacker used a compromised admin key. The key allowed privileged access through the Wasabi deployer wallet. The attacker then upgraded core contracts and drained funds. BlockSec said early traces show Tornado Cash-funded accounts received admin-linked roles. Blockaid warned, “All Wasabi/Spicy LP-share tokens minted by these vaults should be treated as COMPROMISED.” Cyvers said the attacker extracted several assets, including WETH, PEPE, MOG, USDC, ZYN, REKT, cbBTC, AERO, and VIRTUAL. The security firm said the stolen funds were consolidated into ETH. They were then bridged to Ethereum and distributed across several addresses. Wasabi tells users to avoid contracts Wasabi Protocol said it was aware of the issue and was investigating. The team warned users not to interact with Wasabi contracts until further notice. The team said, “As a precaution, please do not interact with Wasabi contracts until further notice.” Virtuals Protocol said 

Wasabi Protocol has been hit by a multi-chain expl

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The U.S. Treasury has confirmed that nearly $500 million in Iranian-linked crypto assets have been seized, marking one of the largest known enforcement actions targeting digital assets tied to a natio

The U.S. Treasury has confirmed that nearly $500 million in Iranian-linked crypto assets have been seized, marking one of the largest known enforcement actions targeting digital assets tied to a nation-state.
Treasury Secretary Scott Bessent said the seizures are part of “Operation Economic Fury,” a broader campaign aimed at tightening financial pressure on Iran’s economy and external networks.
📊 Key details from the report:
Nearly $500M in Iranian-related crypto assets seized
Includes funds previously linked to frozen USDT holdings (~$344M confirmed by Tether)
Part of a wider sanctions campaign launched in March 2025
Targets include banks, crypto wallets, oil networks, and overseas assets
🧠 What the U.S. is trying to achieve: According to Bessent, the goal is not only asset freezing, but also reducing willingness among global institutions to engage with sanctioned networks.
In his words: 👉 “We are making people less willing to deal with the regime.”
📉 Wider economic backdrop:
Iranian currency reportedly down 60–70% against the U.S. dollar
More than 1,000 Iran-linked entities, vessels, and individuals sanctioned since early 2025
Expansion of targeting into shipping routes, energy exports, and shadow banking systems
💡 Why this matters for crypto: Crypto is increasingly being treated not just as an asset class—but as an enforcement surface for global financial policy. Stablecoins in particular are becoming central due to their speed, liquidity, and traceability.
—
📌 Bigger picture: The boundary between traditional sanctions and blockchain-based financial systems is getting thinner.
Crypto is no longer outside the system—it is now part of how the system enforces pressure.


U.S. Seizes Nearly $500M in Iranian Crypto Assets

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