Drift Loses $285 Million in DPRK-Linked Social Engineering Attack
What Happened Solana-based decentralized exchange Drift confirmed that attackers drained approximately $285 million from the platform on April 1, 2026. The attack was notable for what it wasn't : Drift stated the breach did not exploit a vulnerability in its programs or smart contracts, and there is no evidence of compromised seed phrases. Instead, it was a sophisticated social engineering operation. The attackers obtained sufficient multisig approvals and executed a malicious admin transfer within minutes to gain control of protocol-level permissions, ultimately using that access to introduce a malicious asset and remove all pre-set withdrawal limits. How the Attack Worked Drift described the incident as involving "unauthorized or misrepresented transaction approvals obtained prior to execution, likely facilitated through durable nonce mechanisms." Preparations for the hack were underway as early as March 23, 2026 — more than a week before execution. ...