Wasabi Hack: 5M$ Loss on Blast and Technical Analysis
Contents
DeFi derivatives platform Wasabi Protocol was hit by a cross-chain attack, and hackers stole assets worth more than 5 million dollars. PeckShield confirmed that the incident spread across Ethereum, Base, Berachain, and BLAST detailed analysis networks. According to Blockaid and CertiK, the attacker infiltrated Wasabi's deployer wallet with a compromised admin key, upgraded core systems, and drained the funds. Liquidity pools from LongPool, ShortPool, and Vault contracts were targeted. The attacker's Tornado Cash-linked accounts gained access to admin roles.
Wasabi Attacker's Stolen Assets and Blast Impact
Security firms PeckShield, Blockaid, CertiK, BlockSec, and Cyvers reported traces of the attack. According to Cyvers, the hacker withdrew WETH, PEPE, MOG, USDC, ZYN, REKT, cbBTC, AERO, and VIRTUAL; converted them to ETH and bridged to Ethereum. Blockaid stated that all Wasabi/Spicy LP tokens are at risk. Virtuals Protocol froze margin deposits, while the Wasabi team launched an investigation and called for avoiding interactions.
- Stolen Assets: WETH, PEPE, MOG, USDC etc. (total 5M$+)
- Affected Networks: Ethereum, Base, Berachain, Blast
- Risk: LP tokens and underlying assets at risk
Critical Support and Resistance Levels for BLAST
After the hack, liquidity drainage was observed on the Blast network. BLAST price is in a downtrend (RSI 46.60), EMA 20: around $0.0005. Strong supports:
- S1: $0.0005 (⭐ Strong, 82% score)
- S2: $0.0003 (59% score)
Resistances: R1 $0.0005 (77%), R2 $0.0009 (63%). BLAST futures may increase volatility. Developments like Coinbase International's MegaETH (MEGA) futures listing could trigger new liquidity flows in DeFi.
Frequently Asked Questions About BLAST
How was Blast affected by the hack? Liquidity pools were drained, LP tokens are risky.
Will BLAST price recover? S1 $0.0005 support is strong; RSI neutral.
How to protect admin keys in DeFi? Multi-signature and emergency updates are essential.
This event crowned DeFi's dark month; 600M$+ losses. Protocols are developing layered security against AI-supported attacks. Follow for ETH detailed analysis.