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On-chain investigator ZachXBT accused stablecoin issuer Circle of failing to act while millions in USDC (USDC) moved from Solana (SOL) to Ethereum (ETH) during the Drift Protocol exploit that drained an estimated $285M from the Solana-based perpetual futures exchange on Apr. 1. Drift Protocol Privat

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