The situation in the Solana ecosystem is heating up. Today, May 2, we're seeing the first real casualties of the 'contagion effect' following the biggest hack of the year. The Carrot project has officially confirmed: recovering from a 93% drop in TVL is impossible.
⏳ Important: The withdrawal deadline is May 14.
If you've been holding assets in Boost, Turbo products, or the $CRT token, you only have 12 days left.
After May 14, the team will begin force-deleveraging all positions to a 1x level to free up liquidity for final payouts in stablecoins.
Important: Management fees have been waived for this period.
🔍 Why did this happen?
Carrot wasn't directly hacked. Its code remained secure, but it was critically dependent on the liquidity of the Drift Protocol.
The Drift hack of $285 million (April 1) was a 'black swan.'
Hackers' use of the Durable Nonces mechanism allowed them to obtain admin key signatures in advance, bypassing standard Multisig protection.
When Drift 'trimmed down' by 50%, Carrot's strategies lost their collateral. The project's TVL fell from $28 million to ~$1.99 million.
🌊 How will this impact Solana?
This incident is a serious wake-up call for the entire DeFi sector:
Crisis of trust: April 2026 became the worst month for Solana (losses from the Kelp and Drift hacks exceeded $600 million).
Security review: Projects are forced to abandon complex integrations where the failure of one 'neighboring' protocol destroys others.
Capital outflow: We're seeing a temporary shift of liquidity into less risky assets, putting pressure on the price $SOL .
🔔 Advice to investors: Check your positions in other protocols relying on Drift (e.g., Gauntlet or PrimeFi). In DeFi, 'code security' doesn’t guarantee the safety of your capital if the protocol has external dependencies.
Stay vigilant and don’t delay withdrawing your funds! 🛡
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