Drift Protocol $280M exploit took 'months of deliberate preparation'

Drift Protocol suffered a $280 million exploit that required months of deliberate preparation by sophisticated attackers. The protocol believes with medium-high confidence that the same actors behind the $58 million Radiant Capital hack in October 2024 were responsible for this attack.

• →Drift Protocol lost $280 million in a sophisticated exploit that took months of preparation.
• →The attack is believed to be carried out by the same group responsible for the $58 million Radiant Capital hack.
• →The deliberate preparation timeline suggests highly organized and persistent threat actors targeting DeFi protocols.
• →This represents one of the largest DeFi exploits, highlighting ongoing security vulnerabilities in the space.