Platform DEX Kripto Drift Protocol Freezes System After Hack $280

The decentralized finance platform Drift Protocol confirms that an exploit worth approximately $280 million occurred through a combination of pre-signed durable nonce transactions and social engineering attacks.

In its statement, the Drift team explained that the attacker exploited vulnerabilities in the pre-signed transaction mechanism and used social manipulation to gain the necessary access.

As an emergency measure, all protocol functions have been frozen to prevent further potential losses. The team also stated that they are working with cybersecurity firms and law enforcement agencies to track and recover the stolen funds.
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This exploit marks one of the major incidents in the DeFi sector, highlighting ongoing security risks in managing digital assets based on smart contracts.

The social engineering techniques used in this attack demonstrate that threats are not only from technical vulnerabilities but also from manipulation of individuals or operational systems.

With the system frozen, users currently cannot access the main functions of the protocol until the investigation and recovery processes are completed.