Drift Protocol
Circle under fire after $285 million Drift hack over inaction to freeze stolen USDC
Prominent blockchain sleuth ZachXBT alleged faster action by Circle could have limited crypto losses, but freezing asset without legal authorization carries legal risks.
Drift Protocol Hack 2026: What Happened, Who Lost Money, and What's Next
A Solana-based perpetual futures exchange lost $286 million in 12 minutes on April 1, 2026, after attackers spent three weeks quietly manufacturing fake collateral and socially engineering the protocol's signers. The incident has been the most topical discussion in crypto circles over the last few days.
Analysts implicate North Korea's Lazarus hacker group in Drift Protocol exploit
The Drift Protocol exploit is linked to the DPRK Lazarus Group, which also performed the Bybit and Ronin Bridge hacks, the biggest in crypto space.
North Korean Hackers Suspected in $285 Million Drift Protocol Heist
Attackers drained approximately $285 million from Drift Protocol — the largest decentralized perpetual futures exchange on Solana — on April 1, emptying its vaults in roughly 12 minutes and bridging most stolen funds to Ethereum within hours.
Is North Korea Behind the Drift Protocol Hack? Here's What the Data Shows
Blockchain analytics firm Elliptic's latest analysis suggested that actors linked to the Democratic People's Republic of Korea (DPRK) may be behind the Drift Protocol hack.
Ripple CTO Says Freeze-Proof Stablecoins Can't Work As Circle Misses $285M Drift Hack
Can a stablecoin choose not to freeze your funds and still be a stablecoin? That question, posted on X by Columbia Business School professor Omid Malekan, just got a sharp technical reality check from Ripple CTO Emeritus, David ‘JoelKatz' Schwartz. The timing could not be more loaded. Malekan's argument was straightforward.
Drift Protocol Exploit Impact Spreads to 20 Solana Projects
What began as a single protocol exploit is now affecting the entire Solana network. Drift Protocol, which lost $285 million in the attack, is no longer only Drift's problem. New data from SolanaFloor shows 20 protocols are now exposed, with losses continuing to grow. Here's how the Drift Protocol exploit impacts the other Solana protocol.
Drift Crypto Exchange Remains Frozen as Cyberattack Continues
The attack on Drift, a crypto exchange that offers perpetual futures on the Solana blockchain, remained underway late Thursday (April 2). A banner across the top of Drift's website said late Thursday: “Drift is being paused until further notice due to irregular activity in the protocol.
Experts Suggest Possible Social Engineering in $280M Drift Protocol Exploit
Blockchain security firms are currently investigating the infamous Drift Protocol breach that drained over $280 million.
Drift Protocol's $285 Million Exploit on Solana Raises Questions Over DeFi Security
A blockchain security expert compared Drift's lapse in security to Ethereum network Ronin's $625 million loss in 2022.
Arthur Hayes Reacts as Drift Hack Hits Solana
Arthur Hayes raises multisig concerns following the Drift exploit, while Solana executives blame compromised admin access.
Elliptic Links $285M Drift Protocol Hack to North Korean Hackers
Blockchain analytics firm Elliptic has flagged the $285 million Drift Protocol exploit the largest crypto hack of the year as bearing strong hallmarks of North Koreas state-sponsored Lazarus Group. The firm cited onchain behavior, laundering patterns, and network-level signals consistent with previous DPRK-linked attacks.
