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A sophisticated exploit targeting Drift Protocol appears to have drained an estimated $285 million after an attacker manipulated oracle pricing using a fabricated token, leveraged a compromised admin key and disabled core withdrawal safeguards. Fake Collateral Built Weeks In Advance According to on-

Solana-based decentralized exchange Drift Protocol said Wednesday it was investigating a potential $270M exploit that triggered a sharp selloff in its native DRIFT (DRIFT) token, with blockchain investigators reporting that funds — largely in the form of Jupiter Perps — were rapidly draining from th