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2026-04-02 05:09:33 UTC

Blockchain Report on Nostr: 🚨 Major Exploit: Drift Protocol lost ~$280M due to a sophisticated "durable nonce" ...

🚨 Major Exploit: Drift Protocol lost ~$280M due to a sophisticated "durable nonce" attack. Attacker gained admin control of the Security Committee, enabling delayed execution of pre-signed transactions & fund extraction.

No protocol/smart contract bugs, no compromised seed phrases. Possibilities: unauthorized/forged transaction approvals or social engineering.

Affected: Lending, treasury, trading capital. Unaffected: Assets not deposited in Drift, DSOL, staked assets, insurance fund.

Drift has frozen functionalities & updated multi-sig controls. Investigation ongoing.

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