Drift Says Nonce Attack Drove Exploit as Circle Faces USDC Scrutiny
Cointelegraph
Drift Protocol suffered a $280 million exploit using Solana's durable nonces, sparking debate over Circle's failure to freeze the stolen USDC funds.Summary
Solana-based decentralized exchange Drift Protocol confirmed a $280 million exploit involving the abuse of Solana's durable nonce feature, which allowed attackers to gain unauthorized administrative access. The stolen assets were converted into USDC and bridged to Ethereum over several hours. This delay has drawn significant criticism toward Circle, the issuer of USDC, for not blacklisting the attacker's addresses. While critics argue Circle had ample time to intervene, the company maintains that it typically acts only upon formal law enforcement requests, reigniting the broader industry debate regarding the role of centralized stablecoin issuers in mitigating DeFi hacks.
(Source：Cointelegraph)