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North Korea Strikes Again: $285 Million Exploit Raises Questions For Circle
- On Wednesday, April 1, Drift Protocol suspended deposits and withdrawals after confirming a security incident, with Arkham data showing attackers moved over $250 million from the platform to interim wallets.
- Elliptic reported Thursday that the exploit, estimated at around $285 million, bears "multiple indicators" of North Korea's state-sponsored DPRK hacker group involvement, marking the largest crypto theft this year.
- Drift, the largest decentralized perpetual futures exchange on the Solana blockchain, saw its token value drop over 40% to roughly $0.06 following the hack, affecting more than a dozen asset types.
- The Treasury Department noted last month that North Korea utilizes stolen cryptoassets to finance its nuclear weapons program, with security firms estimating the regime netted at least $2 billion in stolen cryptocurrency last year.
- Elliptic analysis reveals attackers utilized cross-chain laundering to convert funds into liquid assets, with investigators risking seeing only "fragments of the attacker" activity without entity-level tracking and holistic cross-chain tracing capabilities.
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Latest crypto hack sees thieves make off with $280 million from Solana DeFi platform Drift
On April Fool’s day, the decentralized platform Drift saw hundreds of millions of dollars drained from its accounts and, unfortunately, this was no joke. The company suffered a $280 million hack on Wednesday, and industry experts suspected that North Korea was behind it. “Earlier today, a malicious actor gained unauthorized access to Drift Protocol through a novel attack involving durable nonces, resulting in a rapid takeover of Drift’s Securit…
North Korea Strikes Again: $285 Million Exploit Raises Questions For Circle
Blockchain analytics firm Elliptic on Thursday flagged “multiple indicators” that North Korea’s state-sponsored hackers may be behind the $285 million exploit of Drift Protocol, the largest DeFi hack of 2026 so far that wiped out more than half of the Solana-based exchange’s total value locked. Arthur Hayes, BitMEX co-founder, Maelstrom CIO, and Drift Protocol advisor, pointed the finger at Solana (CRYPTO: SOL) itself. “If Solana had native mult…
TechCrunch
IT Security News - cybersecurity, infosecurity newsDe-fi platform Drift suspends deposits and withdrawals after millions in crypto stolen in hack
Blockchain trackers put the cryptocurrency heist in the hundreds of millions of dollars and is already on track to be the largest crypto theft in 2026 so far.
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