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How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CoinDesk
How a simple coding mistake let a hacker drain $7.8 million from a crypto walletWorldPing
Image via CoinDesk.

What happened

Security firms traced the $7.8 million loss to a helper contract the wallet owner had authorized, not to Safe itself.

Key facts

  • Security firms traced the $7.8 million loss to a helper contract the wallet owner had authorized, not to Safe itself.
  • Reported by CoinDesk and published Tue, 15 Sep 2026 10:27:55 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. US DOJ seeks $61 million in crypto proceeds from illicit Iranian oil sales laundered on Binance

  2. U.S. DOJ seeks $61 million in what it calls Iran's crypto-laundered black market oil sales

  3. Ark Invest sells $14 million in Circle, trims Coinbase as crypto stocks rally

  4. Nigel Farage-backed Stack BTC eyes $16 million gold dealer deal to fund bitcoin buy

  5. How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet

  6. $206M in XRP Just Left an Uphold Wallet. Here’s What Happened Next

Sources

The original report was published by CoinDesk. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CoinDesk

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