Drift Protocol
Solana's Drift Protocol Suffers $285M Exploit, DRIFT Token Crashes
One of Solana's most trusted DeFi platforms just became the victim of a massive heist. Drift Protocol has suffered a major exploit, with losses exceeding $285 million after an attacker gained control of key administrative permissions. Following the Drift Protocol exploit, the Drift token price crashed by 42%, now trading around $0.041.
Drift Protocol hack: $280M drained via social engineering and nonce exploit
A sophisticated attack has shaken DeFi, with the drift protocol hack exposing critical weaknesses in operational security and transaction approvals. On Drift Protocol, attackers managed to drain about $280 million from an associated wallet, impacting nearly half of its funds. According to the team, this was a highly organized operation that unfolded over time rather than a simple, opportunistic theft.
Drift Protocol Loses $280M as Attacker Uses Durable Nonce Accounts to Seize Admin Control
Coordinated breach targets Drift's Security Council using durable nonce accounts and social engineering.
Drift Protocol hack raises crypto lending red flags as institutional funds chase yields
Drift Protocol lost up to $285M, but had wider repercussions on Solana DeFi, affecting multiple protocols for a partial or a total loss of user funds. DRIFT sank by 37% to $0.04.
ZachXBT Blasts Circle Over Drift Hack, Solana CCTP Leak
Blockchain investigator ZachXBT has reportedly renewed his criticism of Circle, the issuer of USDC, over what he describes as inaction following the Drift Protocol exploit on Solana, with secondary reports alleging that stolen funds moved off the chain through Circle's Cross-Chain Transfer Protocol.
Drift Protocol Hack Rumors Trigger 20% DRIFT Token Crash
Rumors of a potential exploit targeting Drift Protocol, a Solana-based decentralized exchange specializing in perpetual futures trading, have sent its native DRIFT token into a sharp decline. The token plunged nearly 20% amid growing uncertainty, with no official confirmation from the platform at the time of reporting.
Drift Protocol Attack Cuts TVL in Half as Loss Estimates Reach $270M
Drift Protocol, one of Solana's largest decentralized perpetual futures platforms, confirmed it was under active attack on April 1, 2026, halting all deposits and withdrawals as its total value locked fell more than 53% in less than a day. Early loss estimates from security firms and media reports ranged from $136 million to as high as $270 million, though no official postmortem or final accounting was available at press time.
Drift Protocol Hit by Active Attack: Over $250M Moved, DRIFT Token Drops 20%
Solana-based decentralized finance platform Drift confirmed an active security attack on Wednesday, temporarily suspending all withdrawals and deposits as it worked to contain the breach. The incident sent shockwaves through the crypto community and triggered a sharp sell-off in the platforms native token.
Drift Protocol Loses $270 Million in Massive Solana Hack
Drift Protocol got hit hard. The decentralized exchange lost $270 million Thursday night when hackers found a way into their smart contract system on Solana, marking one of the biggest DeFi thefts ever recorded on the blockchain.
Drift Protocol Vault Hit by Suspected Exploit, $270M at Risk
The Solana-based perpetual contract exchange, Drift Protocol, has recorded a suspicious and massive outflow of funds totaling approximately $270M. Data from Arkham and confirmations from the Drift team on X indicate that the platform's “Vault” was emptied in a matter of minutes, slashing its holdings from $309M to just $41M across multiple asset types.
Drift Protocol halts operations after suspected $285m exploit as funds move across wallets
Drift Protocol has paused operations following an active attack, with early estimates suggesting losses near $285m
Drift Protocol halts activity as suspicious transfers point to possible $270 million exploit
Drift Protocol suspended deposits and withdrawals after warning of an active attack as third party estimates put outflows near $270 million. Drift Protocol halts activity as suspicious transfers point to possible $270 million exploit.
