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Security Alert: Drift Suffers Major Breach, Over $220 Million in Assets Suspectedly Transferred

2026.04.02 02:25:51

On April 2nd, Solana-based DeFi protocol Drift Protocol was hit by a major attack, with between $220 million and $270 million in assets suspiciously transferred to the address "HkGz4K", per LookOnChain monitoring. Subsequently, some stolen assets were bridged to Ethereum to purchase ETH—19,913 ETH have been acquired so far, worth approximately $42.6 million. The attacker also converted additional stolen SOL to ETH on Hyperliquid and transferred some SOL to Binance. Per onchainschool.pro monitoring, the hacker’s current stolen asset breakdown is: - $103 million in USDC - $54 million in SOL - $19 million in WBTC - $12 million in WETH - $11 million in cbBTC - $6 million in USDT - $5 million in USDS - $3 million in SYRUPUSDC - $2 million in JLP Drift Protocol’s official statement confirmed it has detected unusual activity and is actively investigating. During the probe, users are advised **not to deposit funds** into Drift. This is **not an April Fools’ Day prank**—please exercise caution until further notice. The protocol will share updates via its official channels.
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