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Hackers hit deprecated Thetanuts vault for $2.1M
Jun 15, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
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AI Overview
Thetanuts Finance, a DeFi options protocol, confirmed an exploit that drained $2.1 million from a legacy vault that had been deprecated years ago, after blockchain security firm PeckShieldAlert flagged roughly $2 million moved prior to the confirmation. The incident highlights crypto and DeFi security risks around legacy smart contracts and governance, undermines protocol trust and token confidence, and poses downside risk to adoption and market performance.
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Thetanuts Finance, the DeFi options protocol, has confirmed that it has suffered an exploit that drained $2.1 million from a legacy vault tied to it. According to Thetanuts, the compromised contract had been deprecated years ago. Blockchain security firm PeckShieldAlert, which flagged the incident before Thetanuts confirmed the exploit, reported that it seemed $2 million...
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