What caused the Drift Protocol Solana hack?

Governance takeover via fake CVT token, oracle trickery, and social-engineered durable nonce pre-signs — not smart contract bugs.

How much was stolen in Drift Protocol hack?

$285 million, drained in 12 minutes from 20 vaults, converted to ETH and laundered rapidly.

Is Drift Protocol safe after the hack?

TVL halved, token down 40%, but audits cleared contracts; focus now on governance fixes and potential recovery talks.

☁️ Cloud & Infrastructure

Fake Token Hijacks Solana's Drift Governance — $285M Gone in 12 Minutes

DeFi expected smart contract carnage. Instead, a phony token and tricked signers let hackers siphon $285M from Solana's Drift Protocol in minutes. Governance just became the new battlefield.

DevTools Feed Apr 03, 2026 4 min read 25 views

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Diagram of fake token attack draining funds from Solana's Drift Protocol

⚡ Key Takeaways

Governance and social engineering, not code bugs, enabled the $285M Drift heist. 𝕏
Likely North Korean attackers used fake token CVT to fool oracles and multisig signers. 𝕏
This hack predicts AI-driven governance tools as DeFi's next evolution. 𝕏

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#DeFi exploit #Drift Protocol #North Korea crypto #Solana hack

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Originally reported by Hacker News

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