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Reports suggest $200M–$270M+ may have been drained in the @DriftProtocol exploit, with funds already moving off Solana.
We're tracking the funds cross-chain. If you're using our Risk API, on any chain, you can track or prevent the stolen funds from entering your app.

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 x.com/DriftProtocol/…

Drift

Twitter

Bitcoin at Block – the Bitcoin project of Block , the company founded by Twitter co-founder Jack Dorsey – has just announced the launch of a free Bitcoin Faucet, marking the return of the Bitcoin distribution model...

Jack Dorsey announces a $1 million project to give away free Bitcoin.

MicroStrategy founder Michael Saylor asserts that Bitcoin has won the global narrative war, specifically naming BIP- […]
The article, "Michael Saylor Warns BIP-110 is the Biggest Threat to Bitcoin; Four-Year Cycle is Dead, Institutional Capital is the Real Protagonist," was first published on BlockTempo, the most influential blockchain ABMedia media.

Michael Saylor warns that BIP-110 is the biggest threat to Bitcoin; the four-year cycle is dead, and institutional capital is the real protagonist.

Global gold and foreign exchange reserves have reached approximately $4 trillion, surpassing foreign holdings of U.S. Treasury bonds ($3.9 trillion) for the first time. This is the largest increase since 1996…
The article, titled "Gold Surpasses US Treasury Bonds for the First Time in 30 Years! Becoming the World's Largest Foreign Exchange Reserve, Why is BlockTempo Bank Asset Allocation Logic Being Rewritten?", was originally published on BlockTempo, the most influential blockchain ABMedia media.

Gold surpasses US Treasury bonds for the first time in 30 years! Becoming the world's largest foreign exchange reserve, why is central bank asset allocation logic being rewritten?

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A full post-mortem will likely be issued in a few days. In the meantime, what we know so far:
-  Attacker gained admin control (likely via compromised keys)
-  Listed a malicious CVT collateral market
- Inflated its value and loosened risk parameters
- Which then enabled large withdrawals against fake collateral
- Some of which was exfiltrated from solana via USDC/CCTP
This is one of the largest Solana DeFi exploits since the 2022 Wormhole bridge hack (~$325M).