No Result
View All Result
  • Login
Thursday, August 6, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Cryptocurrency

Drift Seeks Contact With The Hacker After $280M Exploit

by theadvisertimes.com
4 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
0
Drift Seeks Contact With The Hacker After 0M Exploit
Share on FacebookShare on TwitterShare on LInkedIn


Drift Protocol, a Solana-based decentralized exchange (DEX), said Friday it had opened onchain contact with wallets tied to funds stolen in the exploit that outside firms have estimated at roughly $280 million to $286 million.

Drift said on X that it had initiated onchain contact with wallets holding the stolen Ether (ETH), seeking to open a line of communication.

The team sent onchain messages from its Ethereum address (0x0934faC) to four wallets linked to the exploiter at the time of publication, urging the attacker to reach out via Blockscan chat. “We are ready to speak,” Drift said.

Onchain messaging has become a common tactic in exploit response, allowing protocols to communicate directly with attackers while preserving anonymity. In past cases, such as the Euler Finance hack, similar outreach led to the partial recovery of funds.

Drift’s onchain message to the Drift Exploiter on Friday. Source: Etherscan

Anonymous sender tries to pressure the attacker

Drift’s communication came hours after an unknown sender using the ENS name readnow.eth also reached out to wallets linked to the attacker on Thursday via onchain messages.

The sender claimed to know the identities behind the attack and demanded a payment of 1,000 ETH in exchange for withholding information.

Source: Etherscan

The claims could not be independently verified and may represent an attempt to mislead or pressure the wallet holder. The incident highlights how, alongside official communications, unverified messages can circulate onchain after crypto exploits.

Solana fallout keeps spreading

According to SolanaFloor, Drift’s exploit has so far affected at least 20 Solana protocols, including the decentralized finance (DeFi) platform Gauntlet, which was estimated to be impacted to the scale of $6.4 million.

Blockchain security platform Cyvers said the impact was still expanding as of Friday morning, with no funds being recovered 48 hours past the attack.

Cyvers said that the attack was likely a “weeks-long, staged operation,” noting that the attacker set up durable nonces, a Solana feature allowing users to pre-sign transactions for future execution, days before the exploit.

Related: Crypto hackers steal $169M from 34 DeFi protocols in Q1: DefiLlama

“This closely mirrors the Bybit hack, different technique, same root issue: signers unknowingly approving malicious transactions,” Cyvers added.

Some industry observers, including Ledger chief technology officer Charles Guillemet, suggested the exploit may involve North Korea-linked actors, though details remain unconfirmed.

Magazine: Nobody knows if quantum secure cryptography will even work

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy



Source link

Tags: 280McontactDriftexploitHackerseeks
ShareTweetShare
Previous Post

HELOC and home equity loan rates today, April 3, 2026: Drama-free second mortgage rates

Next Post

Leaders push for a ‘Manhattan Project’ and public-private solutions around AI and labor

Related Posts

Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws

Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws

by theadvisertimes.com
August 6, 2026
0

Key TakeawaysJudge Shelby granted Utah summary judgment and denied Kalshi’s preliminary injunction.Online gambling in Utah is a third-degree felony under...

Mysten Labs CTO Joins Anthropic for AI Security Research

Mysten Labs CTO Joins Anthropic for AI Security Research

by theadvisertimes.com
August 5, 2026
0

Sam Blackshear, the co-founder and chief technology officer of Mysten Labs, has announced he will be stepping down to join...

Sen. Cynthia Lummis Says Clarity Act Talks With Democrats Continue Daily

Sen. Cynthia Lummis Says Clarity Act Talks With Democrats Continue Daily

by theadvisertimes.com
August 5, 2026
0

The CLARITY Act remained in focus after Senator Cynthia Lummis said negotiations with Democrats are continuing daily, while Senate leaders...

Other revenue outlook: Circle’s B USDC flow gap

Other revenue outlook: Circle’s $4B USDC flow gap

by theadvisertimes.com
August 5, 2026
0

Circle’s reserve engine absorbed a tough second quarter. Gross USDC redemptions exceeded mints by about $4 billion, and reserve yield...

Democrats Move to Block CLARITY Act Due to Stalled Ethics Talks

Democrats Move to Block CLARITY Act Due to Stalled Ethics Talks

by theadvisertimes.com
August 5, 2026
0

Key TakeawaysPunchbowl News has reported that Democrats will block cloture, citing stalled White House ethics talks.Sen. Ruben Gallego said Republicans...

Ethereum Proposal to Slash Staking Rewards Sparks Backlash

Ethereum Proposal to Slash Staking Rewards Sparks Backlash

by theadvisertimes.com
August 4, 2026
0

A group of six Ethereum researchers and developers, including Ethereum Foundation’s Justin Drake, has proposed changing the network’s issuance policy...

Next Post
Leaders push for a ‘Manhattan Project’ and public-private solutions around AI and labor

Leaders push for a 'Manhattan Project' and public-private solutions around AI and labor

Here Are the Best Easter Deals and Freebies for 2026

Here Are the Best Easter Deals and Freebies for 2026

  • Trending
  • Comments
  • Latest
SEC pushes private market access, but retail is already in

SEC pushes private market access, but retail is already in

July 16, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

June 21, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

July 20, 2026
The Hidden Cost of Chaos: Challenges with Spreadsheet-Based Channel Management in 2026

The Hidden Cost of Chaos: Challenges with Spreadsheet-Based Channel Management in 2026

May 6, 2026
Agnico Eagle Mines – AEM: Es tut sich was bei Gold & Silber!

Agnico Eagle Mines – AEM: Es tut sich was bei Gold & Silber!

0
THE WATER WARS HAVE BEGUN

THE WATER WARS HAVE BEGUN

0
Channel Rebate Automation: The 2026 Guide to Scaling Incentives

Channel Rebate Automation: The 2026 Guide to Scaling Incentives

0
GIC subsidiary and promoter Sunu Mathew lead LEAP India’s pre-IPO placement round

GIC subsidiary and promoter Sunu Mathew lead LEAP India’s pre-IPO placement round

0
Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws

Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws

0
Step-Up SIP: When Should You Increase Your SIP Amount?

Step-Up SIP: When Should You Increase Your SIP Amount?

0
Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws

Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws

August 6, 2026
GIC subsidiary and promoter Sunu Mathew lead LEAP India’s pre-IPO placement round

GIC subsidiary and promoter Sunu Mathew lead LEAP India’s pre-IPO placement round

August 6, 2026
BBSI narrows 2026 outlook to 3%-4% gross billings growth as it targets 2.7%-2.75% gross margin (NASDAQ:BBSI)

BBSI narrows 2026 outlook to 3%-4% gross billings growth as it targets 2.7%-2.75% gross margin (NASDAQ:BBSI)

August 6, 2026
Agnico Eagle Mines – AEM: Es tut sich was bei Gold & Silber!

Agnico Eagle Mines – AEM: Es tut sich was bei Gold & Silber!

August 6, 2026
THE WATER WARS HAVE BEGUN

THE WATER WARS HAVE BEGUN

August 6, 2026
Step-Up SIP: When Should You Increase Your SIP Amount?

Step-Up SIP: When Should You Increase Your SIP Amount?

August 5, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws
  • GIC subsidiary and promoter Sunu Mathew lead LEAP India’s pre-IPO placement round
  • BBSI narrows 2026 outlook to 3%-4% gross billings growth as it targets 2.7%-2.75% gross margin (NASDAQ:BBSI)
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.