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Drift Protocol Exploit Took 'Months Of Deliberate Preparation'

Cointelegraph
Drift Protocol revealed that a $280 million exploit was the result of a sophisticated, six-month-long social engineering operation by malicious actors.

Summary

Drift Protocol, a decentralized exchange, recently suffered a $280 million exploit that investigators describe as a highly coordinated, six-month-long operation. Attackers posed as a quantitative trading firm at industry conferences, building trust with contributors before compromising their devices with malware. Drift believes the perpetrators are linked to the October 2024 Radiant Capital hack and likely utilized intermediaries to facilitate the attack. The protocol is currently working with law enforcement to investigate the incident.

(Source:Cointelegraph)