Tag: drift

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Solana Foundation launches security overhaul days after $270 million Drift exploit

The Solana Foundation announced a suite of security initiatives on Monday, just five days after decentralized finance (DeFi) platform Drift Protocol suffered a $270...

Drift says $270 million exploit was a six-month North Korean intelligence operation

A six-month intelligence operation preceded the $270 million exploit of Drift Protocol and was carried out by a North Korean state-affiliated group, according to...

‘We Are Ready to Speak’: Drift Beckons North Korea-Linked Hackers Following $285M Exploit

In brief The team behind Drift, a Solana-based decentralized exchange, signaled on Friday that it wants to negotiate with hackers linked to North Korea. If the...

Drift Seeks Contact With The Hacker After $280M Exploit

Drift Protocol, a Solana-based decentralized exchange (DEX), said Friday it had opened onchain contact with wallets tied to funds stolen in the exploit that...

Circle faces backlash after $285 million Drift hack

After the $285 million Drift hack, the focus is shifting to Circle (CRCL) and whether it could have done more to stop the money.The...

Is Your Crypto Funding Pyonyang? Inside Solana-Based Drift Protocol $286 Million Exploit

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Blockchain analytics firm Elliptic says the $286 million exploit of Solana-based Drift...

DeFi platform Drift suspends deposits and withdrawals after crypto hack

DeFi platform Drift has suspended deposits and withdrawals after losing millions of dollars in a crypto hack.EditorialThis content has been selected, created and edited...

Crypto Markets Tumble as Iran Strikes Resume, Drift Exploit Rattles Solana

Bitcoin fell below $67,000, and Ether dropped over 4% as oil surged on renewed geopolitical tensions.Crypto markets slumped on Thursday as a fresh wave...

Elliptic flags $285 million Drift exploit as a likely North Korea-linked operation

Elliptic said Thursday the $285 million Drift Protocol exploit, the largest this year, carries “multiple indicators” of North Korea’s state-sponsored DPRK hacker group involvement.The...

Here is how Drift attackers drained more than $270 million using a Solana feature designed for convenience

The attack on Drift Protocol was not a hack in the traditional sense. Nobody found a bug or cracked a private key. There wasn't...

Drift Says Nonce Attack Drove Exploit as Circle Faces USDC Scrutiny

Drift Protocol, a Solana-based decentralized exchange (DEX), confirmed Thursday it was targeted in a roughly $280 million exploit, describing it as a “highly sophisticated...

Audit admin keys, not just code, expert says after $200 million Drift exploit: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise)Programmable blockchain Solana's SOL token has hit five-week lows after an exploit at one of its...