DRIFT $DRIFT: $285M ORACLE DRAIN UNMASKED 🧨
A sophisticated exploit appears to have drained roughly $285M from Drift Protocol after attackers used a fake CVT collateral token, manipulated oracle pricing, and abused compromised admin keys to disable withdrawal safeguards. The incident underscores how quickly fake liquidity and privileged access can turn a DeFi market into a forced liquidation event, with funds reportedly consolidated and shifted into SOL after the vaults were emptied.
This is the kind of setup that changes how serious traders price protocol risk overnight. I think the combination of oracle corruption and admin-key compromise makes this a trust shock, not just another hack.
Not financial advice. Manage your risk.
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DRIFT
Alpha
0.034867
-4.13%