DRIFT HIT BY A $285M INFILTRATION SCARE 🚨

Drift Protocol says its $285 million theft investigation points to a six-month, organized infiltration campaign, with attackers allegedly posing as a quantitative trading firm and using conference contact plus code-repository/TestFlight vectors to compromise staff devices. The firm says the activity may be linked to the North Korea-related group tied to the 2024 Radiant Capital theft, raising fresh institutional concern around social engineering and DeFi security.

Cut exposure fast and watch for forced liquidity exits. Track whether market makers widen spreads, then wait for whale bids only after the panic flush. Monitor top-tier exchange flows for rotation into safer majors. If support fails, expect more de-risking before any real bounce.

I think this matters because this is not a simple exploit story; it’s a long-game infiltration case. That kind of attack keeps the risk premium elevated across similar protocols and can create a brutal early flush that smart money often uses to reload.

Not financial advice. Manage your risk.

#Crypto #DeFi #CyberSecurit #DRIFT #Altcoins

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