SlowMist|Apr 02, 2026 01:27
🚨 SlowMist TI Alert 🚨
Drift Protocol has suffered a major exploit, with losses exceeding $200M.
One week prior, the protocol migrated to a 2/5 multisig (1 old + 4 new signers) without a timelock. A few hours ago, the attacker gained admin control, minted fake CVT tokens, manipulated the oracle, disabled security mechanisms, and drained high-value assets from the pool.
🔗 Hacker address cluster: https://app.cielo.finance/bundles/216/wallets
At present, the stolen funds have largely been consolidated into the following Ethereum addresses:
0x0fe3b6908318b1f630daa5b31b49a15fc5f6b674
0xd3feed5da83d8e8c449d6cb96ff1eb06ed1cf6c7
0xaa843ed65c1f061f111b5289169731351c5e57c1
Total: 105,969 ETH (~$226M)
We are actively tracking this incident.(SlowMist)
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