Ionic Protocol shuts down after 2025 exploit, tells users to withdraw assets

𝕏/@ionicmoney •

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Ionic Protocol says it is ceasing operations immediately because of its 2025 exploit and told users to withdraw any remaining assets across all deployments. The shutdown turns last year's security incident into an existential failure for the Superchain money-market protocol, with no restart plan or recovery path given in the announcement.

TLDR by @Benthic

Ionic Protocol shuts down after 2025 exploit, tells users to withdraw assets

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Ionic Protocol shuts down after 2025 exploit, tells users to withdraw assets

More on Exploit

Aztec is investigating a second exploit in four days after attackers drained $2.2M from a deprecated payments product, deepening DeFi’s security crisis

OAK Research revisits LayerZero’s role in crypto after the $292M rsETH exploit, asking whether omnichain interoperability creates more systemic risk than value

Thetanuts loses $105K from legacy vault exploit before white-hat rescues $2M through same bug

Crypto's insurance sector has collapsed from $1.9B to under $100M in TVL despite $840M in exploit losses during the first five months of 2026, exposing DeFi's growing protection gap

Onchain leverage ratio returns to 2021 levels after April DeFi exploits drain $13B from TVL

Syscoin says bridge exploit released 5B SYS before attacker returned funds for burn

Aztec is investigating a second exploit in four days after attackers drained $2.2M from a deprecated payments product, deepening DeFi’s security crisis

OAK Research revisits LayerZero’s role in crypto after the $292M rsETH exploit, asking whether omnichain interoperability creates more systemic risk than value

Thetanuts loses $105K from legacy vault exploit before white-hat rescues $2M through same bug

Crypto's insurance sector has collapsed from $1.9B to under $100M in TVL despite $840M in exploit losses during the first five months of 2026, exposing DeFi's growing protection gap

Onchain leverage ratio returns to 2021 levels after April DeFi exploits drain $13B from TVL

Syscoin says bridge exploit released 5B SYS before attacker returned funds for burn

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