Price-rigging attacks reached 32 in 2026, affecting nearly $50 billion in encrypted lending markets

On 2 September, TRM Labs, a block chain intelligence company, stated that 32 price-rigging attacks had been recorded in 2026, exceeding any full year previously; 12 in 2025. Such attacks accounted for about one eighth of hacker incidents, up from one seventeenth in 2022. The attackers usually raise the price of the currency at a low mobility level, then borrow other assets as collateral from the loan agreement, then quickly drop the price of the collateral and abandon the collateral, which could lead to bad debts in the lending pool. DeFiLlama data show that the total number of encrypted asset mortgages has increased by about 56 per cent over the past two years, approaching $50 billion, and the size of active lending is close to $29 billion. There are currently over 570 loan agreements in this area. Recently, Tectonic lost more than $7.0 million because the price of Tonic was raised, and the assailants of Cronos eventually acquired about $6.0 million in assets after the roll-back; Moonwell also lost about $8.7 million because of the manipulation of the price of the MAMO predictive machine。