Solana-based DeFi platform Drift warns users about an “active attack” on its protocol; Arkham data said over $250M had moved from Drift to an interim wallet
The platform halted deposits while it investigates suspicious activity and urges users to proceed with caution.
CoinDesk Helene Braun
Related Coverage
- ‘Not an April Fools joke’: Major Solana-based trading platform Drift exploited for at least $200 million The Block · Daniel Kuhn
- Crypto platform Drift suspends services after millions stolen in security incident The Record · Jonathan Greig
- Solana DeFi Exchange Drift Protocol Exploited, Upwards of $285 Million Stolen Decrypt · Logan Hitchcock
- Solana-based Drift Protocol confirms it's under attack after $285m leaves DeFi platform DL News · Mathew Di Salvo
- Solana-Based DeFi Project Drift Hit by $285 Million Exploit Bloomberg · Muyao Shen
- Solana DeFi Exchange Drift Protocol Exploited, Upwards of $285 Million Stolen Yahoo Finance · Logan Hitchcock
- Drift Protocol Hacked: Initial $285M Loss Reported, Detailed Breakdown Published Blockchain.News
- Drift Protocol SOL Exploit Sees Over $200M Drained: Biggest DeFi Hack of 2026? Bitcoin News · Jamie Redman
- Solana-Based DeFi Platform Loses Over $270,000,000 in Cyberattack: Looksonchain The Daily Hodl · Rhodilee Jean Dolor
Discussion
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@driftprotocol
@driftprotocol
on x
We are observing unusual activity on the protocol. We are currently investigating. Please do not deposit funds into the protocol while we investigate. This is not an April Fools joke. Proceed with caution until further notice. We'll provide additional updates from this account.
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@driftprotocol
@driftprotocol
on x
Drift Protocol is experiencing an active attack. Deposits and withdrawals have been suspended. We are coordinating with multiple security firms, bridges, and exchanges to contain the incident. This is not an April Fools joke. We'll provide additional updates from this account as
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@phantom
@phantom
on x
We're aware of reports regarding Drift Protocol, and our security team is investigating. Users trying to access Drift through Phantom will see a required warning that there may be unique risks in accessing Drift right now. Those who still want to access their funds will have the
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@lookonchain
@lookonchain
on x
Drift Protocol appears to have been exploited, with over $270M in assets suspiciously transferred to wallet HkGz4K. 🚨 That's crazy! https://intel.arkm.com/... [image]
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@jupiterexchange
Jupiter
on x
Jupiter is not affected by the Drift situation. Jupiter Lend has no exposure to Drift's markets and JLP is fully backed by the underlying assets. That said, this a difficult day for Solana DeFi and our heart goes out to the Drift team and everyone affected.
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@lookonchain
@lookonchain
on x
The Drift Protocol exploiter is swapping the $270M+ stolen assets into $USDC, then bridging to #Ethereum to buy $ETH. 🚨 So far, they have bought 19,913 $ETH ($42.6M). https://intel.arkm.com/... https://x.com/... [image]
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@azflin
@azflin
on x
“Solana DeFi never gets hacked bro” “Contracts are unverified so hackers can't read the source code to attack” 🤣🤣
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@lookonchain
@lookonchain
on x
The Drift Protocol exploiter also deposited $SOL into #HyperLiquid and sold it to buy $ETH. The Drift Protocol exploiter even deposited $SOL into #Binance. https://intel.arkm.com/... https://x.com/... [image]
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@wazzcrypto
@wazzcrypto
on x
Drift summary: - $200M stolen and no one noticed for an hour - Apparently a single compromised admin key (lol) - Hacker still came in for seconds 2 hours after the hack to drain a few extra millions - Hacker still bridging out $USDC 3 hours after the hack wp everyone