{"id":39773,"date":"2026-04-01T22:07:46","date_gmt":"2026-04-01T22:07:46","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=39773"},"modified":"2026-04-01T22:07:46","modified_gmt":"2026-04-01T22:07:46","slug":"solana-based-defi-platform-loses-over-270000000-in-cyberattack-lookonchain","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=39773","title":{"rendered":"Solana-Based DeFi Platform Loses Over $270,000,000 in Cyberattack: Lookonchain"},"content":{"rendered":"

\"\"<\/p>\n

The Solana-based DeFi platform Drift Protocol says it\u2019s under attack.<\/p>\n

In a series of tweets on X, the team behind the protocol says<\/a> it\u2019s investigating unusual activity.<\/p>\n

\u201cWe are currently investigating. Please do not deposit funds into the protocol while we investigate. This is not an April Fools joke. Proceed with caution until further notice. We\u2019ll provide additional updates from this account.\u201d<\/em><\/p>\n

According to the onchain analytics platform Lookonchain<\/a>, the protocol has been exploited, and over $270 million in crypto assets have been suspiciously transferred to wallet \u201cHkGz4K.\u201d The exploiter is swapping the stolen assets into USDC, then bridging them to Ethereum to buy ETH.<\/p>\n

Lookonchain first reported the attacker had purchased 19,913 ETH worth $42.6 million.<\/p>\n

An update shows the total has now reached 38,820 ETH worth $82.6 million.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

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The post Solana-Based DeFi Platform Loses Over $270,000,000 in Cyberattack: Lookonchain<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The Solana-based DeFi platform Drift Protocol says it\u2019s under attack. In a series of tweets on X, the team behind the protocol says it\u2019s investigating unusual activity. \u201cWe are currently investigating. Please do not deposit funds into the protocol while we investigate. This is not an April Fools joke. Proceed with caution until further notice. […]<\/p>\n","protected":false},"author":1,"featured_media":39774,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[46],"tags":[],"class_list":{"0":"post-39773","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altcoin"},"yoast_head":"\nSolana-Based DeFi Platform Loses Over $270,000,000 in Cyberattack: Lookonchain - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=39773\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana-Based DeFi Platform Loses Over $270,000,000 in Cyberattack: Lookonchain - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The Solana-based DeFi platform Drift Protocol says it\u2019s under attack. 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