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Fortune
Fortune
Carlos Garcia

Latest crypto hack sees thieves make off with $280 million from Solana DeFi platform Drift

picture of the word "solana" (Credit: Samuel Boivin/NurPhoto via Getty Images)

On April Fool’s day, the decentralized platform Drift saw hundreds of millions of dollars drained from its accounts and, unfortunately, this was no joke. The company suffered a $280 million hack on Wednesday, and industry experts suspected that North Korea was behind it. 

“Earlier today, a malicious actor gained unauthorized access to Drift Protocol through a novel attack involving durable nonces, resulting in a rapid takeover of Drift’s Security Council administrative powers,” the company announced on X. A durable nonce is a tool used on Solana used to avoid transaction expirations. 

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