Hack history / 2026 / Hack or exploit

Velar Perps

Hack or exploit on Feb 19, 2026 · Predictable Oracle Update

ONE SOURCE · 1 SOURCE

Lost

$401K

dollars at the time

Returned

none listed

as the sources state it

Rank

#1,216

among thefts by dollars lost

What happened

On February 19, 2026, Velar's PerpDEX on Mezo was exploited via predictable oracle price updates. Attacker manipulated BTC/MUSD perpetual pool by systematic trading patterns, flowing ~$72M volume and draining ~$401K through exploitable oracle timing.

Details

Date: Feb 19, 2026
Kind: Hack or exploit
Method: Predictable Oracle Update
How in: Price, oracle and governance
Target: DeFi protocol
Chains: Mezo

Reported by

DefiLlama ↗

Related incidents

Wasabi Perps 2026 · Hack or exploit · $5.5M
Aftermath Perps 2026 · Hack or exploit · $1.1M
Mars Perps 2025 · Hack or exploit · $960K
Levana Perps 2023 · Hack or exploit · $1.1M
Level Perps 2023 · Hack or exploit · $1.1M

Cite this page

SwanBluechip, "Velar Perps hack, Feb 19, 2026: $401K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htb3467943e5/ (data as of 2026-10-31).

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