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Hacking & intrusion

Drift Protocol hack steals $280 million in crypto assets

First reported · Last reported · 6 related reports

Hackers stole $280 million in crypto assets from Drift Protocol, a Solana-based DeFi platform. Signs pointed to a North Korea-linked hacking group, and Upbit and Bithumb suspended deposits and withdrawals after detecting abnormal transactions. Drift published a relief plan and sought $150 million in support from Tether, and signs later emerged of the attacker laundering funds through Tornado Cash.

Key facts

Affected organization
Drift Protocol
Incident type
Hacking & intrusion
Occurred / detected
Not confirmed
Scale of damage
$280 million in crypto assets
Cause / method
Hack suspected to be the work of a North Korea-linked hacking group
Location
United States

If your data was exposed

Exposed dataCrypto assets

  1. Check login and withdrawal history in your exchange app, and turn on withdrawal address whitelisting and withdrawal delays.

Timeline

  1. Abnormal transactions and signs of a hack were detected, and Upbit and Bithumb suspended deposits and withdrawals.
  2. The theft of $280 million and signs of involvement by a North Korea-linked hacking group were reported.
  3. Drift published a relief plan and sought $150 million in support from Tether.
  4. Carrot, a Solana-based DeFi platform, shut down operations in the wake of the Drift hack.
  5. The attacker resumed activity after about three months and transferred Ethereum to Tornado Cash.
  6. Signs that the attacker laundered $61 million in Ethereum through Tornado Cash were reported.

Also affected by this incident

6 related reports

The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organization’s official statements for accurate details.