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Solana’s Drift Floats Airdrop After $285 Million Hack, Faces Backlash

BeInCrypto
Drift Protocol faces community backlash after a $285 million hack and controversial token transfers by a team-linked wallet.

Summary

Solana-based Drift Protocol is under intense scrutiny following a $285 million exploit, the largest DeFi hack of 2026. The situation worsened after a team-linked wallet moved $2.44 million in DRIFT tokens to exchanges, fueling fears of asset flight. While Solana co-founder Anatoly Yakovenko proposed an IOU token recovery strategy similar to Bitfinex's 2016 approach, analysts remain skeptical, noting that Drift lacks the centralized revenue and market dominance required to make such a plan viable.

(Source:BeInCrypto)