đš Drift Protocol â the second-largest derivatives exchange on Solana â suffered a major exploit on April 1.
The team confirmed âunusual activityâ at 18:10 UTC, then later stated the protocol was âexperiencing an active attackâ and paused all deposits and withdrawals.
Initial estimates suggest the attacker drained around $270.6 million in less than an hour â nearly half of Driftâs pre-incident TVL of over $540 million.
Stolen assets reportedly included:
âą USDC, USDT
âą JLP (~$155.6 million)
âą Staked SOL
âą WBTC
âą And several other assets
After the exploit, the attacker allegedly swapped funds into USDC, bridged assets to Ethereum through Wormhole, bought ETH, and moved part of the funds through Hyperliquid.
Drift is now working with security firms, bridges, and exchanges to trace and freeze the stolen funds.
This is currently the largest hack in Solana DeFi history.
DRIFT token price dropped sharply following the announcement. Users are advised not to deposit funds into the protocol and to follow official updates from the team.
The team confirmed âunusual activityâ at 18:10 UTC, then later stated the protocol was âexperiencing an active attackâ and paused all deposits and withdrawals.
Initial estimates suggest the attacker drained around $270.6 million in less than an hour â nearly half of Driftâs pre-incident TVL of over $540 million.
Stolen assets reportedly included:
âą USDC, USDT
âą JLP (~$155.6 million)
âą Staked SOL
âą WBTC
âą And several other assets
After the exploit, the attacker allegedly swapped funds into USDC, bridged assets to Ethereum through Wormhole, bought ETH, and moved part of the funds through Hyperliquid.
Drift is now working with security firms, bridges, and exchanges to trace and freeze the stolen funds.
This is currently the largest hack in Solana DeFi history.
DRIFT token price dropped sharply following the announcement. Users are advised not to deposit funds into the protocol and to follow official updates from the team.
