Market Maker TrustedVolumes Hacked for $6 Million

TrustedVolumes lost nearly $6 million in a hack affecting its Ethereum contract.

The liquidity provider 1inch, known as TrustedVolumes, has suffered a loss of nearly $6 million due to a hack. According to Blockaid, the attack targeted the project’s router contract on the Ethereum network. 

🚨 Blockaid’s exploit detection system has identified an on-going exploit on TrustedVolumes (1inch market maker / resolver, @trustedvolumes ).
Chain: Ethereum

Victim contract: TrustedVolumes resolver — 0x9bA0CF1588E1DFA905eC948F7FE5104dD40EDa31

Exploiter:…

— Blockaid (@blockaid_) May 7, 2026

The stolen assets include: 

• 1291 WETH;
• 206,282 USDT;
• 16,939 WBTC;
• 1.2 million USDC.

Experts noted that the same address was responsible for exploiting a vulnerability in a 1inch smart contract in March 2025, resulting in a $5 million loss. This time, the breach was due to an error in a custom proxy contract for request-for-quote exchanges controlled by TrustedVolumes. 

The project team confirmed the attack and published the hacker’s wallet addresses.

🚨 We were recently exploited.

The addresses currently holding the stolen funds are:

[https://t.co/Uffg1StIhA](https://t.co/Uffg1StIhA) — approx. $3M
[https://t.co/gUCDHwOOTC](https://t.co/gUCDHwOOTC) — approx. $3M
[https://t.co/68Lu7Bq0MJ]

[https://t.co/68Lu7Bq0MJ] —…

— TrustedVolumes (@trustedvolumes) May 7, 2026

“We are open to constructive dialogue regarding bug bounties and mutually acceptable solutions,” the developers wrote. 

DeFi Continues to Suffer 

The breach of TrustedVolumes marks the fifth such incident since the beginning of May. According to DefiLlama, protocols Bisq, Sharwa.Finance, SmartCredit, and Ekubo were previously affected. The latter suffered the greatest loss, amounting to $1.4 million.

April set a record for the number of hacks in the crypto industry. Experts recorded 20 attacks, with a total of $635 million stolen — the highest since February 2025, when the Bybit exchange alone lost nearly $1.5 billion.

Last month, Andrew Moss from Jefferies bank stated that the series of exploits in the DeFi sector might dampen Wall Street companies’ interest in blockchain technology. 

Ethereum co-founder Joseph Lubin believes that the new financial infrastructure is merely undergoing a painful strengthening process, with attackers effectively exposing weaknesses in the protocols.