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Drift token falls to all-time low after $280mn hack
short by / on Thursday, 2 April, 2026
Drift Protocol’s (DRIFT) native token hit an all-time low over the past day after the decentralised exchange based on Solana (SOL) was hacked for $280 million. The attack used a novel nonce technique to seize administrative control. The hack also weighed on Solana, sending it down over 7%. Drift has frozen operations and is working with partners to track and recover the stolen funds.
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