Drift says it is experiencing an active attack and suspended deposits and withdrawals, while Lookonchain says over $270M was transferred and swapped into USDC to bridge to Ethereum and buy ETH.
Drift Protocol is experiencing an active attack.
Deposits and withdrawals have been suspended.
Drift Protocol appears to have been exploited, with over $270M in assets suspiciously transferred
The Drift Protocol exploiter is swapping the $270M+ stolen assets into $USDC, then bridging to #Ethereum to buy $ETH.
This finding is one of many signals tracked across Crypto. The live feed updates every few hours with new expert voices, debates, and emerging ideas.
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