After Solana protocol Drift was exploited for $285 million, researchers and experts discuss how DeFi's latest mishap could've ...
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Drift Protocol suffered an ongoing attack against all its vaults, with over $270M feared stolen within an hour
Drift Protocol lost over $270M in an organized hack, with the funds immediately swapped on-chain, moved to Ethereum, and ...
Cryptopolitan on MSN
Analysts implicate North Korea's Lazarus hacker group in Drift Protocol exploit
The Drift Protocol exploit is linked to the DPRK Lazarus Group, which also performed the Bybit and Ronin Bridge hacks, the biggest in crypto space.
Drift Protocol said the attackers posed as traders, met contributors in person, and spent months infiltrating before draining the platform.
For years, the DeFi industry has treated security as a technical problem: something that could be solved with better code. But the Drift incident suggests something far more complex: that the real ...
Balancer Labs is shutting down after a major exploit but the DeFi protocol will continue in a decentralized form.
Resolv Labs has halted its protocol after an attacker minted 80 million unbacked USR, crashing the stablecoin as low as $0.14 on Sunday.
The restructuring comes as analysts say older DeFi models built on token incentives and emissions are increasingly under ...
Decentralized finance (DeFi) platform LI.FI protocol has been hit by a roughly $11 million exploit following a series of suspicious withdrawals, on-chain data shows. "Please do not interact with any ...
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