Tag: Drift Protocol
Circle sued for letting $230M in stolen USDC cross its own bridge – days after freezing other wallets
Circle can freeze any USDC wallet on Earth in seconds. It proved that on March 23 when it blacklisted 16 Ethereum addresses in a single batch – for a civil case. Nine days later, hackers linked to North Korea drained $285M from Drift Protocol and spent 6 hours funneling $230M in stolen USDC through Circle’s…
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Week in Crypto: Bitcoin stops bleeding after 13 days as Fear & Greed hits lowest since Terra/Luna
The crypto market touched panic levels not seen since Luna imploded – then quietly turned around while nobody was watching. Eight. That’s where the Crypto Fear & Greed Index landed on Wednesday – the lowest single reading since Terra/Luna collapsed in June 2022. Only 15 readings below 10 have ever been recorded since the index…
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$285M Vanished From Solana’s Top DEX in Minutes – Elliptic Points to North Korea
$285 million. Gone in eleven minutes. Drift Protocol, the largest perpetual futures exchange on Solana, lost nearly everything on April 1 when an attacker drained its vaults in a coordinated exploit that ranks as the biggest DeFi hack of 2026. The DRIFT token crashed 42% within hours. Solana’s total value locked took a hit that…
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