Drift Protocol confirms hack, "not an April Fool's joke!" Losses estimated at 270 million magnesium; hackers are reportedly laundering money and transferring it to ETH.

The Solana ecosystem hack that shocked the cryptocurrency market has finally received an official response and clearer on-chain data. The team behind the decentralized perpetual contract protocol Drift Protocol has confirmed the disaster, and the on-chain data reveals a staggering scale of losses.

Official statement: An anomaly has been confirmed; do not deposit funds.

In response to the panic and rumors circulating in the market, Drift Protocol issued an emergency response announcement via social media, solemnly clarifying that the disaster that occurred on April 1st was by no means a hoax:

"We have observed unusual activity on the protocol. We are currently investigating. Please do not deposit funds into the protocol while we are investigating. This is not an April Fools joke. Please exercise caution until further notice. We will provide more updates through this account."

Losses estimated at $270 million; hackers quickly transfer ETH to launder money.

As the investigation deepens, the damage from this attack has far exceeded initial estimates. According to the latest monitoring by Lookonchain, a well-known on-chain data analytics firm, on April 2, the total losses suffered by Drift Protocol are estimated to be between $220 million and $270 million .

Data shows that a large amount of assets were suspiciously transferred to a Solana address starting with " HkGz4K ". After the hackers succeeded, they immediately launched a sophisticated, large-scale money laundering operation:

• Hackers have been using cross-chain ETH buying spree, bridging some of their funds onto the Ethereum blockchain and aggressively purchasing ETH. To date, they have purchased a staggering 19,913 ETH , worth approximately $42.6 million.
• SOL was dumped through multiple channels: The attackers not only transferred some of the stolen SOL to the decentralized platform Hyperliquid to exchange for ETH, but also transferred some funds directly to the centralized exchange Binance .

Details of stolen assets revealed: USDC and SOL are the hardest hit.

This heist nearly wiped out many of the protocol's core assets. According to detailed statistics from onchain security tracking firm onchainschool.pro, the assets stolen by the hackers are listed below, with stablecoins and Solana's native token suffering the most damage:

• USDC: Valued at $103 million
• SOL: Valued at $54 million
• WBTC: Worth $19 million
• WETH: Worth $12 million
• cbBTC: Worth $11 million
• USDT: Worth $6 million
• USDS: Worth $5 million
• SYRUPUSDC: Worth $3 million
• JLP: Valued at $2 million

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