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DeFi hacks stories

Jul 25, 2026

Drift Protocol exploiter moves $285 million after months of silence

The Ethereum wallet known as 'Drift Exploiter 4' has begun transferring funds from the April Drift Protocol hack that netted $285 million, according to blockchain security analysts.

Jul 25, 2026·1 source
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Top claims

  • ▪The $285 million theft was enabled by a social engineering campaign over several months, not a smart contract flaw
  • ▪At least 20 other Solana-based projects were disrupted as they used Drift's vault structure for yield
  • ▪Blockchain security firms including PeckShield, Chainalysis, and Elliptic are actively tracking the stolen funds

Subtopics

Crypto hacks1DeFi1Ethereum1

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