Following the $286 million Drift Protocol exploit, the Solana Foundation and Asymmetric Research launched STRIDE, a tiered DeFi security program with continuous assessments, real-time monitoring, and formal verification for larger protocols.
The Solana Foundation and Asymmetric Research launched STRIDE, a tiered DeFi security program with ongoing assessments, 24/7 monitoring, and formal verification, following the $286 million Drift Protocol hack.
Solana fell 2.97% after a $285M Drift Protocol hack, with TVL dropping to $5.5-6B and over 1.4M SOL moved to exchanges. The foundation launched STRIDE security framework and SIRN response network. Key support at $78; oversold RSI may prompt short-term bounce.
Solana fell nearly 3% to $79.95 after a $285M exploit on Drift Protocol. TVL dropped from $9B to ~$5.5B, and 1.4M SOL moved to exchanges. The Solana Foundation unveiled the STRIDE security initiative to rebuild trust, with key support at $78.
Solana Foundation announced the Stride evaluation program and SIRN incident response network, five days after a $270M social engineering attack on Drift Protocol. The measures target DeFi protocol security but cannot prevent human-based exploits that bypass smart contract audits.
Days after the $270 million Drift exploit by North Korean hackers, Solana Foundation launches Stride structured evaluation and SIRN incident response network. While enhancing DeFi security, experts note the measures don't fully address social engineering vulnerabilities, leaving market confidence cautious.
