netlog

🚨 BREAKING: #DriftProtocol Suffers $200M Exploit, 🩸🩸🩸⚠️🚨 $DRIFT Token Crashes 34% Drift Protocol, Solana's leading decentralized perpetual exchange, has reportedly been hit by a major security exploit totaling approximately $200 million in potential losses. The incident was flagged by prominent Solana developer Mert Mumtaz, who identified strong on-chain indicators of an active attack. According to initial reports, the attacker allegedly exploited a bridge mechanism between Solana and Ethereum to mint unauthorized USDC and extract assets from the protocol. Approximately 4$ million in USDC has been minted so far, alongside seizures of 4$ million in Fartcoin and $3 million in Syrup Coin. The technical attack vector and full scope remain under investigation. The market reacted violently to the news. The $DRIFT token plummeted from $0.07243 to $0.04175 within hours—a devastating 34% intraday collapse—before stabilizing around $0.051. Trading volume exploded to 554 million DRIFT tokens ($28 million USDT), indicating mass panic selling and liquidity flight. Drift Protocol has yet to release an official statement confirming the breach or detailing remediation plans. Users are advised to monitor official channels closely and exercise extreme caution until the protocol's security status is verified. $DRIFT #Write2Earn #DriftProtocolExploited