"Onchain analysts flagged an estimated $200 million or more, drained from Drift Protocol accounts on April 1, 2026, making it one of the largest decentralized finance (DeFi) breaches recorded this year."
"The funds moved to wallet address HkGz4KmoZ7Zmk7HN6ndJ31UJ1qZ2qgwQxgVqQwovpZES, which blockchain explorers have flagged as potentially attacker-controlled."
"The DRIFT token fell sharply after the reports surfaced, dropping from approximately $0.072 to $0.055 according to market data."
"No exploit vector has been confirmed. Analysts have not ruled out a smart contract bug, compromised private keys, or oracle manipulation."
On April 1, 2026, Drift Protocol suffered a major breach, losing an estimated $200 million. The funds were transferred to a wallet suspected to be controlled by the attacker. Community monitors detected unusual activity, prompting a warning against depositing funds. The DRIFT token's value plummeted from $0.072 to $0.055. The cause of the breach remains undetermined, with possibilities including a smart contract bug or compromised keys. The investigation is ongoing, and alerts have been sent to Circle regarding potential stolen stablecoins.
Read at news.bitcoin.com
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