The top 10 crypto hacks have caused $5.7 billion in losses, but a proposed tranching and withdrawal limit defense from a DeFiLlama developer would only mitigate one incident. Experts say centralized exchanges and cross-chain bridges remain the biggest risk.
A sophisticated phishing attack exploiting durable nonce pre-signatures has compromised Drift's on-chain admin privileges. The technique, active for over two years, was executed by a professional hacker group, causing DRIFT token volatility.
U.S. law firm Gibbs Mura has initiated a class action investigation into the $285 million Drift Protocol hack, focusing on Circle's decision not to freeze $230M in USDC transferred via its Cross-Chain Transfer Protocol. DRIFT token plunged over 40%, TVL halved, and at least 20 DeFi protocols suffered indirect losses.
The Solana Foundation and Asymmetric Research launched STRIDE, a layered security program for DeFi protocols, featuring continuous assessments, threat monitoring, and formal verification. Protocols with TVL over $10M qualify for 24/7 support, while those above $100M get formal verification. The Solana Incident Response Network (SIRN) with five founding firms also debuted.
Following the $286 million Drift Protocol hack, the Solana Foundation and Asymmetric Research launched STRIDE, a tiered security program offering continuous protection, 24/7 monitoring, formal verification, and a new Incident Response Network (SIRN).
The Solana Foundation and Asymmetric Research unveiled STRIDE, a tiered DeFi security program, on April 6, 2026, following the $286 million Drift Protocol exploit. It offers continuous evaluations, 24/7 threat monitoring, and formal verification for protocols, with SIRN for incident response.
The Solana Foundation and Asymmetric Research launched STRIDE on April 6, 2026, a tiered DeFi security program providing continuous evaluations, 24/7 monitoring, and formal verification for protocols. It follows the $286 million Drift Protocol hack.
A class action lawsuit claims Circle failed to freeze $230M in stolen USDC after the Drift Protocol hack, raising questions about stablecoin issuer duties during active breaches.
