The Hacker News says Drift Protocol lost $285M after attackers abused approvals and governance controls using pre-signed transactions, social engineering, and a zero-timelock change to gain admin control and drain funds.
Drift Protocol lost $285M after attackers took over governance, not by breaking code but by abusing approvals.
They used pre-signed transactions, social engineering, and a zero-timelock change to gain admin control
add a fake asset, and remove limits to drain funds.
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