Story perspectives

Drift Protocol Loses $280M in Cyberattack, Suspends Transactions

4/3/2026

Summary

Story summary

Drift Protocol disclosed a $280 million theft from a cyberattack that compromised its administrative access on April 1, 2026.
The attack used social engineering and misrepresented transaction approvals.
Drift suspended all deposits and withdrawals and is working with security firms and law enforcement.
Solana leaders attributed the incident to human weaknesses, not smart-contract flaws, urging stronger operational security.
The DRIFT token dropped to $0.038 before recovering to about $0.052.

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Story summary

Drift Protocol disclosed a $280 million theft from a cyberattack that compromised its administrative access on April 1, 2026.
The attack used social engineering and misrepresented transaction approvals.
Drift suspended all deposits and withdrawals and is working with security firms and law enforcement.
Solana leaders attributed the incident to human weaknesses, not smart-contract flaws, urging stronger operational security.
The DRIFT token dropped to $0.038 before recovering to about $0.052.