Exploit breakdown
Anatomy of a $4.2M bridge exploit
Mar 2026 Read Article
Never Miss a Report
One email a month with our latest exploit breakdowns, forensic case notes, and threat intelligence. No spam, unsubscribe anytime.
Security knowledge, in the open. Exploit breakdowns, forensic case notes, and threat intelligence from our team — published for builders, exchanges, and investigators.
Exploit breakdowns, forensic case notes, and threat intelligence — published in the open.
Stolen crypto rarely sits still. Within minutes of an exploit, the funds typically hop through a chain of fresh wallets — each transfer an attempt to put distance between the theft and the cash-out. The trail then usually leads into a mixer, where deposits from many sources are pooled to break the direct link between input and output.
But a mixer is not the end of the story. To turn tokens into money, the funds have to surface again — most often at an exchange deposit address. That is where timing, amounts, and on-chain heuristics can reconnect the dots, and where a freeze request can still catch the funds before they are gone. The walkthrough traces exactly this path: victim wallet, intermediary hops, mixer, exchange.
One email a month with our latest exploit breakdowns, forensic case notes, and threat intelligence. No spam, unsubscribe anytime.
Tell us about your project — we usually respond within one business day.