According to Carrot's announcement on April 30, the Solana-based DeFi yield protocol is permanently shutting down, becoming the first platform to close as a direct result of the $285 million Drift Protocol exploit in early April. The Carrot team stated in an X post that the Drift hack was

According to TRM Labs, North Korean actors extracted approximately $577 million in the first four months of 2026, representing 76% of all global cryptocurrency hack losses during the period. The theft stems from two April incidents: the $292 million KelpDAO exploit and the $285 million Drift

According to DefiLlama, DeFi and on-chain infrastructure hacks caused $624.58 million in losses in April 2026, marking the sixth-largest monthly loss on record. The 23 incidents recorded that month also represent the highest number of attacks in a single month since tracking began in

Gate News message, April 25 — Drift Protocol's product lead Minh Don announced plans to relaunch the forked exchange in May or June, according to a statement made on the official Discord server. The team will spend several weeks optimizing the codebase, removing and adding features that, while

Circle Internet Group's stock fell 1% after a class action lawsuit alleged it failed to prevent $230 million in stolen USDC during the Drift Protocol exploit. The lawsuit questions Circle's ability to halt the attackers' transactions, raising issues of responsibility for stablecoin issuers in breach scenarios.

Circle Internet Group is facing a class action lawsuit for failing to quickly halt a $280 million exploit involving its Cross-Chain Transfer Protocol, as investors claim it could have intervened. The lawsuit highlights Circle's prior ability to freeze funds, raising questions about their responsiveness.

Drift Protocol, a Solana-based decentralized derivatives exchange, plans to relaunch as a USDT-based perpetual futures exchange after a $270 million exploit, securing up to $147.5 million in funding from Tether and partners for recovery and operations.

Circle faces a class action lawsuit for failing to freeze $230 million in stolen USDC after the Drift Protocol attack. Plaintiffs argue that Circle's protocols allowed attackers to move and convert the stolen funds without intervention, raising concerns about the company's responsibilities in monitoring cross-chain transfers.

Drift Protocol announced a recovery plan backed by $150 million after a $280 million exploit, transitioning from USDC to USDT, impacting 128,000 users. The plan links user balance restoration to ongoing trading, following criticism of Circle's response to the hack.