Hacker Extracts $2 Million from Deprecated Aztec Smart Contract

In Crypto Regulations
June 16, 2026

Hacker Extracts $2 Million from Deprecated Aztec Smart Contract

Developers of the privacy-focused Ethereum solution Aztec Network reported an attack on a deprecated smart contract, resulting in the extraction of approximately $2.1 million by the perpetrator.

  

The incident affected the Aztec Connect platform, a solution for private transactions that ceased support in 2023. Despite the end of service, some funds remained locked in the protocol’s infrastructure.

The team assured that the current network and user assets were not impacted.

Experts from BlockSec linked the incident to a discrepancy between transaction verification and calculation in Ethereum. Due to differences in how the verification path and operation logic interpreted the transaction list, the contract could credit value without verification on the L1 blockchain.

The attacker created unsecured balances and withdrew funds. The attack involved seven assets.

Certik listed the stolen assets as including 909 ETH, 270,000 DAI, 167 wstETH, and several other cryptocurrencies.

 

Aztec Connect was launched in 2022 as a DeFi bridge. In March 2023, the platform stopped accepting deposits, and the team shifted resources to Aztec Network.

Developers stated they do not have administrative keys and do not control the system, so they cannot pause or update it.

In November 2025, the project launched the L2 protocol Ignition Chain on Ethereum, positioning it as “the first fully decentralized layer-two solution.”

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Steven M. Crimmins is a cryptocurrency strategist and freelance writer who has followed the blockchain industry since Bitcoin’s early days. Known for his sharp analysis of altcoins and trading strategies, Steven provides Satoshi News Africa readers with market-focused content grounded in research. He is especially interested in how African traders are adopting crypto as an alternative to traditional markets. Steven is also a podcast host, where he discusses emerging technologies and investment trends.