Three decentralised finance protocols across NEAR, Base and Sui were drained in a single day, highlighting ongoing security vulnerabilities in crypto infrastructure.
The largest incident involved Sweat Economy, where 13.71 billion SWEAT tokens—around 65% of supply—were moved, though the $3.46 million event was later identified as a foundation-led rescue rather than a hack.
“People are asking — Is AI the end of crypto?”
Said James Seyffart, who argued that persistent exploits, not artificial intelligence, remain the industry’s biggest threat.
Elsewhere, the Syndicate Commons bridge on Base lost up to $400,000 in SYND tokens, while Aftermath Finance on Sui paused operations following a $1.14 million USDC loss.
The incidents were linked to smart contract vulnerabilities, including a recent redeploy in Sweat Economy that introduced new refund functions later used to move funds.
The cluster of exploits comes as debate intensifies over whether AI could displace crypto, with some investors shifting attention and capital toward AI-related projects.
However, analysts say recurring DeFi hacks continue to undermine confidence, suggesting internal security weaknesses remain a more immediate risk to the sector than external technological competition.