Solana DeFi Platform Hit by $270M Hack as Drift Protocol Suffers Massive Exploit

A major Solana-based DeFi platform, Drift Protocol, has suffered a massive cyberattack with losses exceeding $270 million, according to on-chain data flagged by Lookonchain.

The exploit triggered emergency measures, with the protocol suspending deposits and withdrawals as investigators work to contain the breach. The attack drained funds across multiple assets in a rapid series of transactions, with the attacker quickly swapping tokens and moving them across chains to obscure tracking. The incident is now one of the largest DeFi hacks in recent history, highlighting ongoing vulnerabilities in complex smart contract systems and raising fresh concerns about security risks within the Solana ecosystem.

Clever Robot News Desk 3^rd April 2025