Drift Protocol Social Engineering: $285.00M Reported Loss
According to The Block, the Solana-based decentralized exchange Drift Protocol has been hit by a major exploit, with losses totaling at least $200 million.
- Reported loss
- $ 285,000,000
- Attack category
- Social Engineering
Incident Overview
Some estimates suggest the figure is closer to $270 million, making it the second-largest DeFi security breach in the Solana ecosystem, trailing only the Wormhole bridge hack. The attack targeted multiple Drift vaults, including JLP Delta Neutral, SOL Super Staking, and BTC Super Staking. On-chain data reveals that the attacker swapped the stolen assets for USDC via Jupiter, then bridged them to Ethereum to purchase ETH. As of 17:45 UTC, the attacker held approximately 19,913 ETH (worth roughly $42 million). Drift stated they are currently investigating the "abnormal activity" and have advised users to suspend all deposits. Subsequently, according to PeckShield's statistics, Drift Protocol suffered losses exceeding $285 million in the attack.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.