Drift Protocol on Solana suffered a $285M exploit on April 1, 2026. DRIFT token fell nearly 28% to a new all-time low of $0.03813. The cause appears to be compromised admin keys rather than a smart contract flaw.

Drift Protocol, a Solana-based perpetual DEX, suffered a hack draining up to $220 million from its vault, including $155 million in JLP. The DRIFT token crashed over 30%. Official response pending, users urged to revoke approvals.

Jupiter stated its JLP protocol remains fully backed by underlying assets, unaffected by the Drift incident. Market reacted positively with JLP, SOL up modestly, DRIFT surging over 21%.

Drift Protocol suffered a $286 million exploit after attackers allegedly used fake collateral, social engineering, and pre-signed governance transactions. Security firms linked the incident to DPRK-style tactics, raising fresh concerns over timelocks and Solana DeFi governance.

Drift Protocol suffered a $286 million exploit on Solana after attackers spent weeks preparing fake collateral and socially engineering multisig signers. The incident is now being tied by security firms to DPRK-linked threat actors.

Drift Protocol lost about $286 million in a highly coordinated attack that allegedly combined fake collateral, social engineering, and Solana durable nonce mechanics. Security firms linked the incident to DPRK-associated actors.

Carrot is winding down after losses tied to the Drift exploit. Users have until May 14, 2026, to withdraw from Boost, Turbo, and CRT before forced deleveraging begins.

Carrot is winding down after the Drift exploit inflicted heavy losses on its Solana-integrated strategies. Users have until May 14, 2026, to withdraw funds before forced deleveraging begins, while any future Drift recovery will be distributed via IOU claims based on an April 1 snapshot.