$285M Bug Or Human Error? Solana-Based Drift Protocol Suffers Largest Exploit...
Solana-based Drift Protocol has suffered the largest exploit of 2026 to date, losing nearly $300 million in a “highly sophisticated operation” that has raised concerns about the growing threat of human-targeted attacks in the crypto space. Related Reading: Bitcoin ETFs Break Four-Month Negative Streak With $1.32B Inflows While ETH, XRP Funds Bleed Solana DEX Loses $285M On April Fool’s Day On Wednesday, Solana-based decentralized exchange (DEX) Drift Protocol was the victim of an exploit that stole hundreds of millions of dollars from its vaults. After online reports flagged unusual....
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Blockchain analytics firm Elliptic says the $286 million exploit of Solana-based Drift Protocol is most likely linked to the Democratic People’s Republic of Korea (DPRK). Solana Suffered One Of The Largest Crypto Exploits In History On April 1st, the DEX Drift Protocol suffered a major exploit that drained almost $300 million dollars in crypto assets […]
Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly anticipated user recovery plan alongside Tether and other collaborators. This move follows the major exploit that drained $285 million from the project’s vaults two weeks ago. Related Reading: Bitcoin Double Bottom Formation Eyes $82,500 Rally – Breakout Or Rejection Next? Drift Protocol Secures $150M Recovery Fund On Thursday, Drift Protocol, the largest decentralized perpetual futures exchange on the Solana blockchain, announced a collaboration with Tether and other partners to establish a “structured recovery....
While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.”
Solana Perpetual Swap Exchange Drift Reveals Mainnet Launch, Raises $3.8 Million
While centralized exchanges like Binance, FTX, Bybit, and Bitmex offer crypto-based perpetual swaps, decentralized....
As Bitcoin (BTC) holds the crucial $65,000 to $66,000 area, Ark Invest CEO and CIO Cathie Wood has discussed the flagship crypto’s current downturn, affirming that the era of severe pullbacks is over. Related Reading: $285M Bug Or Human Error? Solana-Based Drift Protocol Suffers Largest Exploit Of 2026 50% Bitcoin Correction Could Be A ‘Real Victory’ In a recent interview on CNBC’s Squawk Box, Ark Invest CEO Cathie Wood affirmed that Bitcoin has matured over the last few years, citing broader adoption and growing institutional demand for the flagship crypto. Wood said that Bitcoin is a....
Mango Markets was victim to the latest exploit this week, as crypto cannot seem to escape an absolutely abhorrent Tuesday. Two exploits less than one day apart – and less than a week after the BNB Chain exploit that utilized a bridge to create millions of new BNB. Another nine-figure exploit has rocked the crypto sphere, this time with Solana-based Mango Markets. The protocol faced a massive drain of funds, over $100M worth, after a hacker drained the project through price manipulation and high-dollar leverage. Let’s look at this latest exploit and what we know in the early....