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Terrifying.
I wonder how many vaults will be affected.
I suggest everyone consolidate their on-chain DeFi funds, especially those with vault-neutral strategies.
This chain reaction will likely impact many protocols on Sol; USDA is a cautionary tale.
Lookonchain
@lookonchain
The Drift Protocol exploiter is swapping the $270M+ stolen assets into $USDC, then bridging to #Ethereum to buy $ETH. 🚨
So far, they have bought 19,913 $ETH ($42.6M).
https://intel.arkm.com/explorer/address/0xFcC47866Bd2BD3066696662dbd1C89c882105643…
https://x.com/lookonchain/status/2039396710016012327…
270 million...
Sector:
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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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