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‘Not an April Fools joke’: Major Solana-based trading platform Drift exploited for at least $200 million

The Block
The Solana-based Drift protocol has suffered a major security exploit, resulting in losses estimated between $200 million and $270 million.

Summary

The Solana-based decentralized trading platform Drift protocol has been hit by a significant exploit, with losses estimated to be at least $200 million, potentially reaching $270 million. The attack targeted multiple vaults, including JLP Delta Neutral and various Super Staking pools, draining assets such as SOL, USDC, and BTC. Drift has urged users to stop depositing funds while they investigate the incident. Onchain data indicates the attacker is currently swapping stolen assets for USDC and bridging them to Ethereum to purchase ETH.

(Source:The Block)