Drift Protocol, the leading decentralized perpetual futures exchange on the Solana network, became a victim. exploit This Wednesday, April 1st, the result was the fraudulent transfer of approximately US$270 million in digital assets, representing approximately 50% of the platform’s total value locked (TVL).
This attack was confirmed by Drift’s own team. In a statement posted on Do not deposit funds while the incident is being investigated. The team added that it has suspended deposits and withdrawals and is coordinating with securities companies. bridge (bridging) and exchange to contain the situation. “This is not an April Fool’s joke,” they clarified.
Drift Protocol is an open source decentralized trading platform built on Solana and considered the center of the perpetual futures trading ecosystem, with a TVL of over $550 million prior to the attack.
According to on-chain data, the exploit began around 4pm UTC, with the first transfer being USD 155 million in JLP tokens from either chain. safe of the protocol. Assets to be leaked include USDC, cbBTC, WBTC, WETH and other tokens. A newly created address by the attacker received the transfer and began converting the assets to USDC before transferring them to Ethereum.
If the total amount is confirmed, it will be the largest attack. exploit DeFi in the Solana ecosystem since the hack bridge wormhole. The native DRIFT token fell over 20% in the hours following the incident.
As of this writing, Drift had not published any official technical analysis of the attack vector. The platform promised to keep users informed through their X account. The investigation continues.
(Tag translation) Hacker
