Solana DEX Drift Protocol Reportedly Hacked, Token Drops Nearly 20%
Solana decentralized change Drift Protocol has been reportedly hacked. While there hasn’t been an official affirmation, it’s DRIFT token has crashed practically 20% after the rumors.
The decentralized change, constructed on Solana for perpetual futures buying and selling, integrates Circle’s USDC infrastructure for collateral and transfers.
Mert Mumtaz, co-founder and CEO of Helius, raised the alarm in a publish on X.
He mentioned there was a “high chance of a probably giant exploit” and urged Circle to reply.
Initially crypto group took at as a April’s Fool joke, however Mert repeatedly expressed the urgency of the matter.
That uncertainty rapidly unfold throughout the market and buying and selling group.As a outcome, the DRIFT token noticed a direct sell-off. Data reveals the token dropped over 17% inside an hour, falling to round $0.058.
This is a growing story.
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