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Drift Seeks Contact With The Hacker After $280M Exploit

Cointelegraph
Drift Protocol initiated onchain communication with wallets linked to a $280M exploit, hoping to negotiate and potentially recover funds.

Summary

Drift Protocol, a Solana-based decentralized exchange (DEX), has attempted to establish contact with the hacker responsible for a recent exploit estimated at $280 million to $286 million. The team sent onchain messages to wallets holding the stolen Ether (ETH), inviting the attacker to communicate via Blockscan chat, stating, “We are ready to speak.” This tactic of onchain messaging is becoming increasingly common in exploit responses, as seen in the Euler Finance hack, where it led to partial fund recovery. However, an anonymous sender also attempted to pressure the attacker by claiming to know their identity and demanding a ransom of 1,000 ETH. The exploit has impacted at least 20 Solana protocols, including Gauntlet, and security firm Cyvers suggests it was a pre-planned operation utilizing durable nonces. While some speculate North Korean involvement, details remain unconfirmed, and no funds have been recovered as of Friday morning.

(Source:Cointelegraph)