The post DRIFT Hack: 280M$ Stolen, Onchain Message to Hackers appeared on BitcoinEthereumNews.com. Solana-based decentralized exchange Drift Protocol announcedThe post DRIFT Hack: 280M$ Stolen, Onchain Message to Hackers appeared on BitcoinEthereumNews.com. Solana-based decentralized exchange Drift Protocol announced

DRIFT Hack: 280M$ Stolen, Onchain Message to Hackers

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Solana-based decentralized exchange Drift Protocol announced that it sent onchain messages to the ETH-holding wallets of the funds stolen in a hack attack worth approximately 280-286 million dollars. In the step announced via X on Friday, messages were sent to four wallets via the Ethereum address 0x0934faC, initiating communication through Blockscan chat. This method is frequently used for anonymous communication with attackers and led to partial fund recovery in the Euler Finance hack.

Drift’s onchain message to the Drift Exploiter on Friday. Source: Etherscan

DRIFT Hack Details and Latest Developments

Drift’s message came hours after Thursday, when an anonymous sender using the ENS name readnow.eth sent a 1000 ETH blackmail message to the hacker wallets. The claims could not be verified and may be a misdirection attempt. According to SolanaFloor data, the hack affected at least 20 protocols, with Gauntlet suffering 6.4 million dollars in losses. Cyvers indicated that the attack was an operation lasting weeks, the attacker had pre-configured the durable nonces feature, and pointed to a signer approval issue similar to the Bybit hack. No fund recovery 48 hours later. Latest news: Over 200 million dollars in potential exploit risk detected onchain in the Drift protocol.

Source: Etherscan
  • Hack Impact: 20+ protocols, 280-286M$ loss
  • Technical Vulnerability: Durable nonces + signer approval issue
  • Recovery: Euler-like onchain communication attempt

DRIFT Price Analysis: Critical Support and Resistance Levels

DRIFT price at 0.04$, 24h -3.93% decline. RSI 26 (Oversold), downtrend, Supertrend bearish, EMA20 0.0669$. Click for DRIFT detailed analysis.

  • Supports: S1 0.0312$ (⭐ Strong, -20.77%)
  • Resistances: R1 0.0394$ (⭐ Strong, +0.05%), R2 0.0514$ (+30.52%)

With SBI Holdings’ B2C2 platform selecting Solana as the institutional stablecoin network, the SOL ecosystem is gaining support. Watch DRIFT futures opportunities.

Frequently Asked Questions About the DRIFT Hack

  • How much funds were stolen in the DRIFT hack? 280-286 million dollars.
  • How was communication established with the hackers? Onchain messages to ETH wallets via Blockscan.
  • What is the DRIFT price status after the hack? 0.04$, support 0.0312$ critical.
  • Is fund recovery possible? Partial success in Euler example, none after 48h.

Strategy Analyst: David Kim

Macro market analysis and portfolio management

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/drift-hack-280m-stolen-onchain-message-to-hackers

Market Opportunity
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