Solana DEX Drift Protocol suffers $280M+ attack, governance token drops 25%

Solana-based decentralized exchange Drift Protocol (DRIFT) is experiencing an exploit on Wednesday that has seen attackers siphon over $285 million from the platform. That figure represents more than 50% of its total value locked (TVL), according to DefiLlama data. Drift Protocol is facing an attack that has drained more than $285 million from its platform.The attacker is swapping… Solana-based decentralized exchange Drift Protocol (DRIFT) is experiencing an exploit on Wednesday that has seen attackers siphon over $285 million from the platform. That figure represents more than 50% of its total value locked (TVL), according to DefiLlama data. Drift Protocol is facing an attack that has drained more than $285 million from its platform.The attacker is swapping and bridging funds to Ethereum.Drift Protocol confirmed the attack, cautioning users that it isn’t an April Fool’s joke.Solana-based decentralized exchange Drift Protocol (DRIFT) is experiencing an exploit on Wednesday that has seen attackers siphon over $285 million from the platform. That figure represents more than 50% of its total value locked… For traders, this matters because crypto headlines can change short-term momentum, liquidity conditions and broader risk appetite within minutes. Watch follow-through in majors, exchange volume and risk sentiment in US indices to judge whether the move has real participation behind it.