32 Price Manipulation Attacks in 2026 Affect Nearly $50B Crypto Lending Market

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Odaily News: Blockchain intelligence firm TRM Labs reports that 32 price manipulation attacks have been recorded in 2026, surpassing any previous full year; there were 12 in all of 2025. Such attacks account for about one-eighth of hacker incidents, up from one-seventeenth in 2022.

Attackers typically inflate the price of low-liquidity tokens, then use them as collateral to borrow other assets from lending protocols, subsequently causing the collateral price to plummet and abandoning the collateral, potentially leading to bad debts in the lending pool.

According to DeFiLlama data, the total value locked in crypto-backed lending protocols has grown by about 56% over the past two years, approaching $50 billion, with active loans nearing $29 billion. There are currently over 570 lending protocols in this sector.

Recently, Tectonic lost over $70 million due to the inflated price of TONIC, and after Cronos rolled back the chain, the attacker ultimately obtained about $6 million in assets; Moonwell previously lost approximately $8.7 million due to manipulation of the MAMO oracle price. (Bitcoin.com News)

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