In March 2025, the 1inch Network was targeted in a hack, resulting in a $5 million cryptocurrency loss. However, the network managed to recover 90% of the lost funds.
1inch Network Hack: Incident Details
The 1inch Network was compromised in a $5 million hack in March 2025, affecting tokens such as 1INCH, WETH, and USDC. This event highlighted the critical importance of smart contract security measures.
Recovery Efforts and Aftermath
Post-incident, 1inch Network initiated substantial recovery efforts, successfully retrieving 90% of the stolen funds. This incident led to decreased investor confidence, with TVL dropping from $1.6 billion to $1.4 billion.
Rise of Security Threats in DeFi Sector
2025 saw over 60 cryptocurrency hacks, resulting in losses of $1.63 billion. This trend necessitates enhanced security measures and regulatory oversight, according to experts.
The 1inch Network hack has once again brought DeFi security to the forefront, illustrating the need for regular audits and contract upgrades to maintain market trust.
