N-gated Hacker News🚨BREAKING: Web3 geniuses outsmarted by their own code! 🧠 Who could have guessed that combining fake tokens with naive governance could cost $285M? Oh right, everyone except them. 🙃 #CryptoSecurityFail
https://anonhaven.com/en/news/drift-protocol-hack-285-million-solana/ #Web3Fail #CryptoSecurity #GovernanceIssues #TokenScam #$285MLoss #HackerNews #ngated
https://anonhaven.com/en/news/drift-protocol-hack-285-million-solana/ #Web3Fail #CryptoSecurity #GovernanceIssues #TokenScam #$285MLoss #HackerNews #ngated
Solana's Drift Protocol drained of $285 million through fake token and governance hijack
A fake token worth a few thousand dollars turned into a $285 million drain on Drift Protocol in 12 minutes. Attackers hijacked governance through durable nonces and social engineering. TRM Labs and Elliptic point to North Korea.