It's been a few rough months for DeFi.
• Balancer was exploited for over $110M in a hack last year
• Resolv was exploited for over $25M in March
• and now Drift was hacked for $220M
It's pretty hard to onboard new people to DeFi with so many hacks occuring.
Lookonchain
@lookonchain
Drift Protocol appears to have been exploited, with over $270M in assets suspiciously transferred to wallet HkGz4K. 🚨
That's crazy!
https://intel.arkm.com/explorer/address/HkGz4KmoZ7Zmk7HN6ndJ31UJ1qZ2qgwQxgVqQwovpZES…
Drift shutdowns soon
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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