Drift Protocol Suspends Activity Amid $270 Million Exploit
- Drift Protocol reported unusual activity on April 1, urging users not to deposit funds.
- The Solana-based platform is under an active attack, leading to the suspension of deposits and withdrawals.
- Coordination efforts are underway with security firms, bridges, and exchanges to manage the situation.
- No official loss figure was provided, but blockchain tracking accounts suggest a possible nine-figure exploit.
- Lookonchain estimated over $270 million in assets were transferred to wallet HkGz4K.
Drift Protocol has halted operations due to an ongoing attack that may involve over $270 million in unauthorized asset transfers. The platform is working with various entities to address the breach.
Source (3.2)https://cryptobriefing.com/drift-protocol-exploit-scare/?rand=59535
