Drift Protocol suffered a $285M hack, with DRIFT token down 28% to $0.049. The attacker laundered all funds into 129,066 ETH, likely via private key compromise, raising fresh concerns for Solana DeFi security.

Tether and partners propose $147.5M to help Drift Protocol recover from a $295.7M exploit. The Solana perp DEX will switch settlement to USDT, tighten security, and issue recovery tokens. Circle faces a class-action suit over failing to freeze $230M in stolen USDC.

North Korea's Lazarus Group stole $577 million from Drift Protocol and KelpDAO in April 2026, representing 76% of all crypto theft year-to-date, using social engineering and bridge vulnerabilities.

Drift Protocol lost about $285 million after attackers used a compromised admin key to drain vaults in 31 transactions. Solana Foundation officials said the incident stemmed from social engineering and operational security failures, not a smart contract bug.

Drift Protocol confirms a hack with losses between $220M and $270M. The hacker bridged funds to Ethereum, bought 19,913 ETH, and sent some assets to Binance. Official: 'This is not an April Fools joke.'

Drift Protocol lost more than $270 million in an attack on April 1. On-chain analysis points to a multisig migration completed a week earlier, with a 2-of-5 setup and zero timelock raising questions about governance and key control.

Drift, a Solana-based DeFi trading protocol, suffered a hack resulting in at least $200M loss. The platform paused deposits and withdrawals. DRIFT token plunged 38%. The hacker converted stolen assets into 129,066 ETH, worth ~$273M.

Drift Protocol said it secured nearly $150 million in strategic support led by Tether, plans to issue a Recovery Token, and will replace USDC with USDT as its core settlement asset after relaunch.