Protect your infrastructure before launch. Block attacks at the source to shield your ecosystem and reputation.
Protect Your Chain Infrastructure at the Core
“Phalcon is an effective tool that helps project teams complete core monitoring in a very short period. Additionally, Phalcon is backed by a highly professional technical team that can provide timely support, solution discussions, development, and testing.”
Newsletter - August 2026
During August 2026, three major DeFi security incidents caused significant losses. A balance-synchronization vulnerability in the Cosmos EVM module was exploited across six chains (~$14.8M). Moonwell on Base lost ~$9.1M to oracle price manipulation targeting the low-liquidity MAMO token. Term Finance on Ethereum suffered a ~$8.47M governance takeover enabled by near-zero voter participation.
Fun Coffee Scam: Tracing a 278% Ponzi on TRON
Fun Coffee promised 278% a year, then went dark. We traced 72.8M USDT across 99 TRON addresses.
~$10.26M Lost: Term Finance, MAYAChain | BlockSec Weekly
During the week of August 17-23, 2026, two notable security incidents resulted in approximately $10.26M in total losses across Ethereum and MAYAChain. The highlighted Term Finance incident (~$8.5M) was a flawed governance design rather than a coding bug: each vault ships its own on-chain DAO whose support-threshold and participation checks are purely relative, with no absolute floor; with almost no one taking part in governance, there was no electorate to vote a proposal down and no guardian to cancel one, so an attacker acquired a supermajority of a vault's voting power for roughly 0.5 ETH and, after the execution delay elapsed, drained six of Term's vaults for approximately $8.5M in total. MAYAChain (~$1.76M) lost funds to a chain of accounting and state-validation defects, where a single crafted deposit made valid withdrawals appear to have failed, triggered a recovery path that inflated a low-liquidity pool's recorded native-token balance with no real backing, and let the attacker drain the inflated value by adding and withdrawing liquidity.
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