<\/p>\n
The attack on Drift<\/a>, a crypto exchange that offers perpetual futures on the Solana blockchain, remained underway late Thursday (April 2).<\/p>\n A banner across the top of Drift\u2019s website<\/a> said late Thursday: \u201cDrift is being paused until further notice due to irregular activity in the protocol.\u201d<\/p>\n Drift said Wednesday (April 1) that it is experiencing an active attack and has suspended deposits and withdrawals.<\/p>\n \u201cWe are coordinating with multiple security firms, bridges and exchanges to contain the incident,\u201d the company said in a Wednesday post<\/a> on X that remained pinned atop its posts late Thursday. \u201cThis is not an April Fools joke.\u201d<\/p>\n In another Wednesday post<\/a> on X, Drift said that a malicious actor gained unauthorized access to Drift Protocol and took over Drift\u2019s Security Council administrative powers.<\/p>\n We\u2019d love to be your preferred source for news<\/a>.<\/p>\n Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n \u201cThis was a highly sophisticated operation that appears to have involved multi-week preparation and staged execution, including the use of durable nonce accounts to pre-sign transactions that delayed execution,\u201d the firm said in the post.<\/p>\n Advertisement: Scroll to Continue<\/p>\n<\/div>\n In another Wednesday post<\/a> on X, Drift said the attack also involved the \u201ccompromise of multiple multisig singers\u2019 approvals, likely through targeted social engineering or transaction misrepresentation.\u201d<\/p>\n The Financial Times reported<\/a> Thursday that Drift is the largest perpetual futures exchange on the Solana blockchain. The FT described perpetual futures as derivative contracts that have no expiration and are used by cryptocurrency traders to speculate on asset prices.<\/p>\n The report said the hackers who attacked Drift stole $280 million from the exchange, which amounted to about half the total U.S. dollar value on deposit with it.<\/p>\n Bloomberg reported<\/a> Wednesday that the amount of cryptocurrencies involved, as determined by blockchain data analysts, could make this one of the biggest hacks<\/a> in crypto\u2019s history.<\/p>\n The hacker likely exploited a new market on Drift that lets users borrow other cryptocurrencies against an illiquid token called CVT, the Bloomberg report said, citing Xuxian Jiang, a researcher at blockchain security company PeckShield<\/a>.<\/p>\n Blockchain data platform Chainalysis<\/a> reported in December that during the first roughly eight months of 2025, from January through early September, crypto thefts<\/a> totaled $3.4 billion. The company added that nearly half that total come from the February 2025 compromise of the Bybit<\/a> crypto exchange.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The attack on Drift, a crypto exchange that offers perpetual futures on the Solana blockchain, remained underway late Thursday (April 2). A banner across the top of Drift\u2019s website said late Thursday: \u201cDrift is being paused until further notice due to irregular activity in the protocol.\u201d Drift said Wednesday (April 1) that it is experiencing […]<\/p>\n","protected":false},"author":2,"featured_media":423379,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-423369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=423369"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423369\/revisions"}],"predecessor-version":[{"id":423380,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423369\/revisions\/423380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/423379"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=423369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=423369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=423369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}