DeFi Protocol Token of Power Hacked for $1.58 Million, Stolen Funds Sent to Tornado Cash

Token of Power ($TOP) is a decentralized finance protocol whose funds are deployed in a Balancer V1 liquidity pool, allowing users to trade tokens and provide liquidity. The attack highlights the potential smart-contract and configuration risks that remain in older automated market-maker pools. It has also renewed concerns about DeFi asset security and the difficulty of recovering stolen funds.

As of July 20, 2026, the Balancer V1 liquidity pool used by Token of Power had been confirmed as hacked, with estimated losses of about $1.58 million. Available information did not disclose the exact date of the attack. The attacker subsequently transferred all the stolen funds to crypto mixer Tornado Cash, obscuring the money trail and making the assets harder to trace and recover on-chain.