Crypto platform Drift suffers from hack suspected to total $270 million — firm goes into damage control mode, suspends deposits and withdrawals

A red alert sign on a screen.

Drift Protocol, which claims to be the largest open-sourced perpetual futures exchange on Solana, has just been hit by a cyberattack. The platform said on its X account that it’s suspending deposits and withdrawals due to this, and that it’s coordinating with security firms, bridges, and exchanges to contain the incident. “This is not an April Fools joke,” the company said on the social media platform.

Drift Protocol is experiencing an active attack. Deposits and withdrawals have been suspended. We are coordinating with multiple security firms, bridges, and exchanges to contain the incident. This is not an April Fools joke. We’ll provide additional updates from this account as… https://t.co/03SRPq4fHjApril 1, 2026