Tag Archives: Drift

Drift Protocol, a decentralized cryptocurrency exchange (DEX), says the recent exploit against the platform was a six-month-long, highly coordinated attack. In an X post on Saturday, Drift said ‘The preliminary investigation shows that D drift was part of a structured intelligence operation with organizational support, significant resources and months of deliberate preparation. The decentralized exchange was exploited on Wednesday, with …

The attack on Drift Protocol was not a hack in the traditional sense. Nobody found a bug or cracked a private key. There wasn’t a flash loan exploit or manipulated oracle either. Instead, an attacker smuggled Drift’s security council with a legitimate Solana feature called ‘durable nonces’ to trick weeks later pre-approving transactions that would be carried out at arbitrary …