Crypto M - Crypto News

🚀 Solana's Drift Protocol Suffers $285 Million Loss in Security Breach Drift Protocol experienced a significant security breach on April 1, 2026, resulting in a loss of $285 million. According to NS3.AI, attackers managed to drain Solana's largest perpetual futures exchange within approximately 12 minutes. The exploit was facilitated by a governance setup that utilized a two-of-five multisig and a zero-delay path for privileged actions. The attackers spent six months cultivating trust with insiders, leading to two Security Council members pre-signing transactions with hidden authorizations. In response to the breach, the Solana Foundation launched STRIDE, a foundation-backed continuous security program, just days after the incident. #Solana#DriftProtocol#SecurityBreach#285MillionLoss#PerpetualFutures#NS3AI#MultisigExploit#GovernanceSetup#STRIDE#SolanaFoundation#CryptoSecurity#InsiderAttack#BlockchainSecurity#SOL

🚀 Solana's Neutral Trade Responds to Drift Attack Impact Neutral Trade, a quantitative strategy sharing platform within the Solana ecosystem, announced that it is assessing the impact of the Drift attack on its platform and users. According to Foresight News, the team is awaiting further investigation results from Drift. The update includes the suspension and removal of all 'Drift Architecture' vaults from the homepage, although users can still view related positions on the portfolio page. Currently, the homepage only displays the 'Neutral Strategy' proprietary strategy vaults, which are operating normally and have not suffered any losses. The 'Neutral Strategy' vaults have undergone independent audits by Halborn, Offside Labs, and Quantstamp, and are integrated with FORDEFI's enterprise-grade security solutions. Although the NT Earn vaults had Drift position configurations, Neutral's risk engine detected anomalies during the attack and preemptively withdrew funds to Jupiter Lend and Kamino, preventing any losses. Neutral Trade is committed to advancing security upgrades and is considering joining the STRIDE ecosystem security program supported by the Solana Foundation. Previously, Neutral Trade reported a loss of approximately $3.67 million due to the Drift attack. #Solana#NeutralTrade#DriftAttack#CryptoSecurity#DeFi#Blockchain#STRIDE#JupiterLend#Kamino#QuantitativeStrategy#SOL#JUP

🚀 Drift Protocol Develops Recovery Plan After $285 Million Crypto Theft Drift Protocol, which recently suffered a theft of $285 million in crypto assets, has provided an update on the situation via the X platform. According to Odaily, the company is actively working with partners to formulate a coordinated recovery plan. The current focus is on stabilizing the situation and offering protocol-level assurances to all affected users and partners. Drift emphasized its role as a core infrastructure provider for many, and announced plans to participate in the Solana Foundation's security project, STRIDE, with more details to be released in the future. #DriftProtocol#CryptoTheft#CryptoRecovery#Solana#BlockchainSecurity#STRIDE#SOL