The exploit did not involve a bug in Drift's code. It used "durable nonces," a legitimate Solana transaction feature, to pre-sign administrative transfers weeks before executing them, bypassing the protocol's multisig security in minutes.
Solana's price performance has remained extremely weak amid the recent market volatility, and moves from traders — especially large holders — have continued to draw attention from market watchers.
For years, the knock on traditional banking has been simple: markets move around the clock, but banks do not. SoFi is building the alternative.
Solana-based perpetual futures exchange Drift Protocol fell victim to a large-scale security breach on April 1, 2026.
Charles Guillemet, the CTO at Ledger, has shared his take on today's hack of the Drift Protocol on the Solana chain. He has called this event the biggest hack in 2026 so far.
Solana price is back under pressure after a major security breach triggered a sharp shift in market sentiment. The alleged $270 million exploit on a Solana-based DeFi protocol has not only impacted its native token (DRIFT), but has also spilled over into the broader ecosystem, dragging SOL below the critical $80 level.
Solana price fell nearly 9% following a major exploit on its Drift Protocol DeFi platform that drained nearly $300 million in digital assets. According to data from crypto.news, Solana (SOL) price fell 9% to an intraday low of $78.
Solana price is at $78, down almost 6% in the day, extending a brutal 11% weekly decline that marks the steepest drop among major crypto coins, after an ugly prediction popped post Trump's comment on Iran war.
Volatility Shares just dropped something big. The company rolled out new leveraged ETFs targeting three major altcoins – Solana, Cardano, and Polkadot – hoping to cash in on growing investor appetite for smaller digital assets beyond Bitcoin and Ethereum.
Solana (SOL) has slipped beneath the $80 mark following a recent downturn that sent prices tumbling from $86.63. This decline came after the token breached a bullish trendline that had previously provided support around $81.50 on the one-hour timeframe.
Solana hit fresh lows today. The cryptocurrency broke through multiple support levels, dropping below the critical $80 threshold that traders had been watching closely for weeks.
Leverage positioning among top crypto futures traders is increasingly diverging by asset, with Solana (SOL) standing out for an aggressive concentration in coin-margined longs while Bitcoin (BTC) shows signs of deleveraging and Ethereum (ETH) undergoes a notable reshuffle in collateral preferences. Data tracking the futures activity of leading accounts—often used as a proxy for institutional and whale sentiment—shows BTC's long exposure shifting away from dollar-margined contracts and taking on a slightly heavier tilt toward coin-backed leverage.