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Drift Protocol Exploited for Over $200 Million in Largest Solana DeFi Hack of 2026

Drift Protocol Exploited for Over $200 Million in Largest Solana DeFi Hack of 2026

Solana-based perpetuals DEX Drift Protocol confirmed an active exploit on April 1, 2026, with on-chain data showing $200 million to $285 million drained. The team paused deposits and withdrawals, calling the incident ‘not an April Fools joke’ as the DRIFT token plunged.

Drift Protocol exploit: Solana-based perpetuals DEX lost between $200 million and $285 million in a suspected attack on April 1, 2026. Platform response: Team confirmed “active attack,” suspended deposits and withdrawals, and urged users to proceed with caution. On-chain impact: Approximately 980,000 SOL and other assets drained; funds swapped to stablecoins with some bridged via Circ…

Weekly Snapshot – Bitcoin Range-Bound

The crypto market today reflects a cautious stabilization after a volatile week, with Bitcoin holding above $67,000 and total market cap near $2.4 trillion. Prices remain under pressure from Q1 losses, yet institutional support and U.S. legislative progress provide a structural floor absent in prior cycles. U.S. regulatory developments on the CLARITY Act emerged as the…

CFTC Chief Warns Prediction Market Traders Insider Trading Laws Fully Apply
CFTC position: Enforcement Director David Miller stated that insider trading laws apply to prediction markets, directl…
US Labor Department Proposes Safe Harbor for Crypto in 401(k) Plans
DOL proposal: Provides a process-based safe harbor for fiduciaries selecting alternative investments, including crypto…

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