Recently, a security research organization released a report revealing a large-scale EVM wallet theft incident. I carefully examined the data, and it is indeed shocking. It’s not just about the surface-level numerical fluctuations; it reflects the real impact that the entire DeFi ecosystem is experiencing.



**How severe are the financial losses?**

Over $50 million has been transferred to hacker wallets, and this number continues to rise. Some users have suffered huge losses, with accounts being wiped out overnight. Major insurance protocols are receiving so many claims that they can’t handle them all, and some insurance products have even reached their coverage limits.

**Ecosystem data reflects the most authentic picture**

The total locked value (TVL) in DeFi has decreased by 15% within 24 hours. Can you feel the panic? Users are frantically withdrawing funds, fearing they might be the next victims. What’s most worrying is that the willingness of new users to enter the market has significantly declined, which is a bad sign for the industry’s growth.

**Key points for wallet security**

Storing private keys and seed phrases online is like leaving your house key downstairs — a high-risk move. Large assets should be stored cold on hardware wallets; don’t wait until something happens to regret it. Additionally, before using any DeFi protocol, check its security audit report and risk assessment. This habit can help you avoid many pitfalls.

This incident actually serves as a lesson for everyone: DeFi offers high freedom, but risk management entirely depends on yourself.
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NotGonnaMakeItvip
· 4h ago
50 million evaporated overnight, I really can't take it anymore --- Cold wallets really can't be skipped, it's now too late to regret --- DeFi is like this, the price of freedom is having to manage your wallet properly --- Another bloody lesson, how many people will remember this time --- Insurance protocols can't hold up anymore, this wave is indeed fierce --- Storing private keys online is like suicide, no matter how many times you say it, some people won't listen --- A large number of newcomers have been scared away, this really hurts the ecosystem --- Hardware wallets, wallets, wallets, say it three times, don't wait until they're emptied to remember
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AltcoinHuntervip
· 4h ago
Here comes another wave of bloodshed... I’ve always said that putting private keys online is courting death, and yet still a bunch of people fall for it. This time the break below was quite severe, with DeFi lock-up volume directly halving by 15%, causing panic. Honestly, is this actually an opportunity to build positions? No... I haven't even recovered my losses, I can't say such things. Really, don't skimp on a hardware wallet for those few bucks, it's a painful lesson.
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GateUser-26d7f434vip
· 4h ago
Lost 50 million dollars? Laughable, this is defi for you—the price of freedom --- Here we go again, same routine every time. Hardware wallet cold storage is old news, but no one really listens --- The total locked value of dpfi has dropped 15%, that's the most terrifying part—the ecosystem is really bleeding --- Wait, even insurance has hit the ceiling? How can ordinary people still operate? --- Storing private keys online is truly asking for trouble, what a stupid move --- I'm scared now, I don't dare to touch defi anymore, it's too intense --- After every incident, they say they'll check the audit reports, but how many actually do? --- Panic withdrawals will trigger a chain reaction next, it's completely predictable --- Honestly, most newcomers entering defi now are likely to get caught in a scam, the timing is terrible --- Hardware wallets are truly lifesavers; all my assets are stored cold, sleeping soundly
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RugPullAlertBotvip
· 4h ago
$50 million lost, truly incredible --- Another wave of liquidation, DeFi is still too risky --- Just leave your private key online and wait to be robbed --- This is the true face of Web3, don’t pretend to be an innocent bystander --- Hardware wallets are not luxury items, they are essentials, okay? --- Are new users still daring to enter? Laughing to death, entering now = suicide --- Insurance protocols can't hold up anymore, what's going on --- Why do some people insist on connecting to unknown websites with MetaMask, then cry --- Ecosystem lock-up volume plummeted 15%, panic selling to the bottom --- If you can't manage your wallet properly, don’t blame the ecosystem --- Another wave will wipe out a batch of exchanges and protocols --- Auditing reports really saved my life, I’m not joking --- Cold wallets are the way to go, hot wallets are just ticking time bombs
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NonFungibleDegenvip
· 4h ago
ngl this is giving "why i ape into sketchy protocols at 3am" energy... $50m gone and we're all just refreshing etherscan like degens fr fr
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