Drift Protocol Suspends Services Amid Cyberattack and Multi-Million Dollar Crypto Heist

Drift Protocol, a decentralized finance platform built on the Solana blockchain, has suspended its services after falling victim to a cyberattack. According to officials at Drift, the platform is currently experiencing an active attack and deposits as well as withdrawals have been suspended.

The incident marks one of the largest crypto thefts this year, with estimates suggesting that hundreds of millions of dollars worth of cryptocurrency have been stolen from the platform. Security experts are still debating how the threat actor was able to pull off the heist.