Drift Protocol exploiter doubles down on Ethereum after siphoning $285 million in assets
Crypto Briefing
The attacker behind the $285 million Drift Protocol exploit is aggressively converting stolen funds into Ethereum.Summary
Following a sophisticated $285 million exploit of the Solana-based Drift Protocol, the attacker has been actively using stolen USDC to purchase over 130,000 ETH. The breach involved a complex social engineering attack on the protocol's Security Council multisig, allowing the perpetrator to seize administrative control and drain assets within minutes. While the Drift team has suspended operations and is working with security firms, the incident has caused a significant drop in the protocol's total value locked and the price of its native DRIFT token.
(Source：Crypto Briefing)