The exploit used a similar playbook as Drift's $285 million breach earlier this month — a compromised deployer key with no timelock or multisig that resulted in a drain of funds. Wasabi Protocol, a perpetuals trading platform on Ethereum and Base, was drained of about $4.55 million after attackers compromised its deployer admin key. The attacker used the compromised key to grant themselves admin privileges and UUPS-upgrade Wasabi’s vault contracts to malicious versions, draining assets fro…
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