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Drift Protocol suffered a massive theft of over $200 million in assets… A week ago, the platform migrated to a 2/5 multisignature pool (1 old + 4 new signers) without timelocks. Hours ago, attackers seized admin privileges, minted counterfeit CVT tokens, manipulated the oracle, disabled related security mechanisms, and absconded with the pool's valuable assets… The situation has deteriorated significantly… Hacker Address List app.cielo.finance/bundles/216/...… @MistTrack_io @SlowMist_Team
Omer Goldberg
@omeragoldberg
** Correction on key compromise **
A week ago, Drift moved to a new multisig, created by a signer from the old multisig. This signer did not add themselves to the new one.
The exploiter also initiated the proposal in the old multisig to hand over admin control to this new x.com/omeragoldberg/…
The stolen funds were almost entirely transferred and deposited into the following three Ethereum addresses:
0x0fe3b6908318b1f630daa5b31b49a15fc5f6b674
0xd3feed5da83d8e8c449d6cb96ff1eb06ed1cf6c7
0xaa843ed65c1f061f111b5289169731351c5e57c1
A total of 105,969 ETH, worth $226 million…🤥
I smelled the stench of embezzlement.
+ 0xbDdAE987FEe930910fCC5aa403D5688fB440561B
Total 129,065 ETH, value > 270 million USD…
No wonder SOL plummeted for no apparent reason today; it was all the hackers' fault.
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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