#renegade

The post Ink Finance and Renegade report exploits as hackers continue to raid DeFi appeared on BitcoinEthereumNews.com. Two DeFi protocols, Ink Finance and Renegade, have lost a combined $349,000 in separate exploits that occurred in less than two days. Renegade, which raised around $3.4 million in a 2023 seed round led by Dragongly Capital, currently holds over $129,500 in total value locked across its Base and Arbitrum deployments, according to DefiLlama. The protocol held over $338,000 before the hack. Renegade’s TVL dropped sharply after the May exploit. Source: DeFiLlama. Ink Finance has not acknowledged or released any public statements on the exploit. The latest exploits are being seen as an extension of the streak of attacks that made April 2026 the worst month on record for smart contract losses. Ink Finance and Renegade suffer exploits Ink Finance’s exploit was flagged by blockchain security firm Blockaid on May 11. According to Blockaid, the attacker drained approximately $1

This incident highlights the critical need for robust security audits in DeFi, as even minor oversights can lead to significant financial risks. The post Renegade recovers $190K after hacker returns 90% of stolen funds appeared first on Crypto Briefing.

The whitehat hacker said the decision to exploit Renegade’s dark pool was made to protect the funds and safety of DeFi users.