Tag Archives: Drift protocol Exploit

DeFi Platform TrustedVolumes Hit By $6.7M Hack As 2026 Exploits Surge

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Another multi-million-dollar attack has hit the DeFi sector after liquidity provider and market maker TrustedVolumes fell victim to a smart contract exploit on Thursday night. TrustedVolumes Hit By $6.7M Hack On Thursday, DeFi platform TrustedVolumes, one of 1inch liquidity providers and market makers, suffered a new exploit that drained millions of dollars in multiple assets… Continue reading DeFi Platform TrustedVolumes Hit By $6.7M Hack As 2026 Exploits Surge→

April’s Crypto Carnage: North Korea Hit Twice And Snagged 76% Of 2026 Hack Value

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A new crypto crime report by TRM Labs paints a stark picture of how North Korean hacking groups have been operating in 2026 so far. Through April, they were responsible for 76% of all losses tied to crypto hacks, but the report emphasizes that this outcome wasn’t driven by a steady stream of attacks.  Instead,… Continue reading April’s Crypto Carnage: North Korea Hit Twice And Snagged 76% Of 2026 Hack Value→

Crypto Community Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack

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LayerZero is facing heavy criticism for its response to the recent $290 million KelpDAO exploit after the omnichain interoperability protocol blamed Kelp’s 1-of-1 verifier configuration for the incident. LayerZero Blames KelpDAO For $290M Exploit Over the weekend, liquid restaking protocol KelpDAO was the victim of an attack that drained over $290 million in rsETH from… Continue reading Crypto Community Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack→

Solana-Based Drift Protocol Announces $150M Recovery Fund, New Token Following Tether Collab

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Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly anticipated user recovery plan alongside Tether and other collaborators. This move follows the major exploit that drained $285 million from the project’s vaults two weeks ago. Drift Protocol Secures $150M Recovery Fund On Thursday, Drift Protocol, the largest decentralized perpetual futures exchange on the Solana… Continue reading Solana-Based Drift Protocol Announces $150M Recovery Fund, New Token Following Tether Collab→

Circle (CRCL) Sued Over $280M Drift Protocol Hack—What Plaintiffs Claim

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Circle (CRCL), the issuer behind the USDC stablecoin, is facing a fresh lawsuit in Massachusetts tied to the $280 million Drift Protocol hack that occurred on April 1.  The complaint, filed by plaintiffs represented by the law firm Gibbs Mura, alleges that Circle did not take action to freeze stolen funds even though it had… Continue reading Circle (CRCL) Sued Over $280M Drift Protocol Hack—What Plaintiffs Claim→