[SlowMist Founder Yu Jian Reviews the Cause of Drift Protocol Hack] SlowMist founder Yu Jian disclosed that the Drift Protocol hack occurred because it migrated its multisig scheme to 2/5 without a timelock a week ago. The attacker took over admin privileges, minted counterfeit tokens, manipulated the oracle, and disabled security mechanisms, ultimately stealing assets worth over $200 million. Yu Jian urged DeFi project teams to regularly review extreme risk scenarios, improve alert and response mechanisms, and advised users to understand the exposure of protocol fund losses.