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After the $285M Drift hack, new Solana scare shows crypto’s next security risk may already be inside

CryptoSlate
Recent hacks demonstrate that crypto security threats often originate from insider infiltration and social engineering rather than just smart contract vulnerabilities.

Summary

The $285 million Drift protocol exploit, alongside concerns at Stabble, highlights a shift in crypto security risks where attackers infiltrate organizations through social engineering, fake identities, and manipulated trust. Unlike traditional smart contract bugs, these breaches leverage administrative privileges and governance weaknesses to drain funds. Security experts emphasize that protocols must extend their defensive focus beyond code audits to include rigorous identity verification, access control, and HR-security coordination to mitigate these persistent, human-centric threats.

(Source:CryptoSlate)