Solana-based platform Drift Protocol says it is under attack.
And in a series of tweets at X, the team behind the protocol He says She is investigating unusual activity.
“We are currently investigating. Please do not deposit funds into the protocol during the investigation. This is not an April Fool’s joke. Proceed with caution until further notice. We will provide additional updates from this account.”
According to onchain analytics platform LoconchineThe protocol was exploited, and more than $270 million worth of crypto assets were suspiciously transferred to the “HkGz4K” wallet. The exploiter exchanges the stolen assets into USDC, then plugs them into Ethereum to buy ETH.
Lookonchain first reported that the attacker purchased 19,913 ETH worth $42.6 million.
The update shows that the total has now reached 38,820 ETH worth $82.6 million.
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