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Thetanuts responds to the security incident, stating that the involved Vault is an abandoned ...

Weex • June 16, 2026

DeFi structured protocol Thetanuts Finance issued a statement in response to the security incident involving its Vault. Preliminary investigations indicate that the related Vault is an old version of the contract that was deprecated and migrated years ago, and it is not associated with any currently running contracts or products. Further details are still under investigation, and a complete post-incident analysis report will be released once more information is obtained.

Previously, it was reported that Thetanuts Finance allegedly suffered an attack, with preliminary estimates of losses around 2.1 million USD.

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Thetanuts Finance Vault Exploit Results in $2.1M Loss Thetanuts Finance confirmed an exploit on June 15, 2026, draining $2.1 million from a deprecated vault. The vault, which had been migrated years ago, was compromised due to a vulnerability in its redemption logic. PeckShieldAlert reported that approximately $2 million in option tokens were recovered by whitehat efforts, while the attacker converted $105,000 in USDC to around 60 ETH. The remaining funds include $34,000 in USDC-denominated option tokens held by the attacker. The incident highlights the risks associated with deprecated protocols, as similar attacks have occurred recently, including one on Aztec Connect. Thetanuts Finance reassured users that current contracts are not affected and plans to release a full post-mortem report. The total value hacked in DeFi for June has surpassed $46 million, indicating a concerning trend in security incidents. 3 sources 65

Extracted Entities

Companies (1)

Thetanuts Finance