🚨 $27.3M GONE IN MINUTES — MULTISIG WALLETS ARE NOT BULLETPROOF 🚨
A hacker just drained $27.3 million from Unleash Protocol by taking control of a multi-signature wallet — a setup many still assume is “secure by default.”
🧠 WHAT IS UNLEASH PROTOCOL?
🔗 A DeFi protocol focused on on-chain liquidity and yield strategies
💼 Designed to manage pooled crypto assets via smart contracts
🔐 Relies on multisig-controlled treasuries for fund governance
👇 WHAT HAPPENED?
🔓 Attacker gained control of the multisig
💰 $27.3M siphoned from protocol funds
🌪️ 6,300 ETH routed through Tornado Cash
📉 Leveraged on-chain positions detected
⏸️ Protocol operations immediately paused
🕵️ WHO DETECTED IT?
🔍 On-chain movements flagged by PeckShieldAlert
🧪 Emergency forensic investigation launched
⚠️ WHY THIS MATTERS?
🧩 Multisig ≠ guaranteed safety
🗝️ Key management failures are now a top DeFi risk
📆 Similar exploits already hit protocols in late 2025
🏛️ Expect stricter audits, governance rules, and regulatory pressure
💥 THE REAL QUESTION
🤔 If multisig wallets can be compromised this fast…
🔐 what is actually protecting DeFi treasuries today?
👀 DeFi is maturing — and weak security design is getting punished. #CYBER #defi
