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Hack history / 2026 / Hack or exploit

USDGambit and TLP

Hack or exploit on Jan 5, 2026 · Deployer Key Compromised

SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$1.5M
dollars at the time
Returned
none listed
as the sources state it
Rank
#790
among thefts by dollars lost

What happened

Attackers compromised a shared deployer account that managed both USDGambit and TLP contracts, likely through key theft or credential compromise. This allowed them to deploy a new ProxyAdmin contract with full control over both protocols, draining $1.5M before moving funds to Ethereum and depositing into Tornado Cash.

Details

Date
Jan 5, 2026
Kind
Hack or exploit
Method
Deployer Key Compromised
How in
Keys, accounts and infrastructure
Target
DeFi protocol
Chains
Arbitrum

Reported by

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Cite this pageSwanBluechip, "USDGambit and TLP hack, Jan 5, 2026: $1.5M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/hte044a8b781/ (data as of 2026-10-31).
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