Another exchange hit by $200M hack
By Arjun Parashar
Published on April 1, 2026.
A suspected security breach has occurred on a major decentralised finance platform, Drift Protocol, causing hundreds of millions of dollars to be moved in just a few minutes. The incident occurred on April 1 and has raised concerns about the potential impact on the protocol security and liquidity. The suspected attacker's wallet showed multiple large inflows of assets, suggesting a coordinated drain of protocol-linked vaults. The rapid movement of funds quickly escalated, leading to uncertainty over the scope of the attack and potential recovery.
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