Wasabi Protocol Hack

TOTAL LOST $5.9M
Medium

Summarize with AI

Affected Chain 2026 Incident surface
Recovered - No recovery reported
All-Time Rank #407 By amount stolen
Protocol Type CDP Target category

Incident Overview

Sabai Protocol (SABAI) is a cryptocurrency launched in 2023and operates on the Ethereum platform. Sabai Protocol has a current supply of 2,650,000,000 with 550,080,654.59494778 in circulation. The last known price of Sabai Protocol is 0.00200235 USD and is up 0.98 over the last 24 hours.

It is currently trading on 5 active market(s) with $70,479.59 traded over the last 24 hours. More information can be found at https://sabaiprotocol.com.

Incident Report

Protocol / Project Wasabi Protocol
Date of Incident
Primary Source View Post-Mortem

Protocol Information

Protocol Type CDP
Official Website sabaiprotocol.com
Protocol Twitter/X @sabaiecoverse

Market Context at Time of Hack

Token Categories
Ethereum Ecosystem Polygon Ecosystem

What Auditors Should Check

If you're auditing a protocol with similar architecture to Wasabi Protocol, these are the critical security checks that could have prevented this incident (May 2026).

  • Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.

Free Trial

Sources & References

Learn to Prevent the Next Wasabi Protocol

The Wasabi Protocol hack is one of many attacks that skilled auditors are trained to detect before deployment. Master real exploit patterns and defense techniques with hands-on Web3 security training.

Recreate exploit patterns safely Free Trial