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Drift Trade

Apr 1, 2026

$295M
Lost
$295M
Recovered
$0
Net loss
$295M
Unrecovered0% recovered

On April 1, 2026, Drift Protocol on Solana was exploited for ~$295M when attackers tricked Security Council members into pre-signing transactions via Solana durable nonces, handing over admin control. Attackers whitelisted a worthless fake token (CVT) as collateral, deposited 500M CVT, and withdrew $285M in real assets (USDC, SOL, ETH) in ~12 minutes.

Security firms linked the attack to DPRK/Lazarus Group.

Target
DeFi
Classification
Access Control
Technique
Proxy Upgrade Hijack
Attribution
Unknown
Chains
Solana

Event timeline

  1. Apr 1, 2026
    Exploit executed — $295M drained via proxy upgrade hijack
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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