🚀 DeFi Protocol Splyce Finance Secures Strategic Round Funding
DeFi protocol Splyce Finance has successfully completed a strategic round of financing. According to Foresight News, the funding round saw participation from notable investors including the Sui Foundation, Stellar, Solana Foundation, Lucid Drakes, Sarson Funds, and Kin Capital. The specific amount raised in this round has not been disclosed.
#DeFi#SplyceFinance#Funding#Investment#Blockchain#Crypto#SuiFoundation#Stellar#SolanaFoundation#LucidDrakes#SarsonFunds#KinCapital#SOL#XLM#SUI
🚀 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