Gate News update, April 6, lawyer Ariel Givner said that the $280 million attack against the Solana-based DeFi platform Drift Protocol could have been prevented through standard operating security procedures, and the conduct may constitute civil negligence. Givner noted that the Drift team failed to follow basic security procedures, including not storing signing keys in a physically isolated system and lacking due diligence regarding blockchain developers at industry conferences. The Drift team disclosed on the X platform that the attacker planned the operation for 6 months, initially contacting team members in October 2025 at a major crypto industry conference. After gaining trust, the malicious actor hijacked developers’ devices through malicious links and implanted trojans. Drift has confirmed with medium-to-high confidence that the attackers are the same group as the October 2024 Radiant Capital attack incident. At present, a class-action lawsuit announcement against the Drift Protocol has begun circulating.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Iran Has Not Agreed to Next Round of Talks with United States
Gate News message, April 18 — Iran has not agreed to hold the next round of negotiations with the United States, according to Iran's Tasnim News Agency on April 18.
GateNews1h ago
Iran's Supreme Leader Advisor: Internal Unity and Resistance Axis Not Negotiable
Mohammad Makhber, an advisor to Iran's Supreme Leader, asserted that Iran's internal unity and resistance are crucial for the nation's future and should not be compromised in foreign negotiations.
GateNews2h ago
White House Mediates Clarity Act Stablecoin Dispute, Witt Reveals Legislative Timeline
Patrick Witt announced at the Solana Policy Institute summit that the White House mediated a stablecoin dispute to advance the Clarity Act. The compromise allows banks and crypto firms to together address regulatory concerns, with future focus on crypto taxation and blockchain integration strategies among financial institutions.
GateNews4h ago
U.S. Energy Department to Release Third Batch of Strategic Petroleum Reserve, Loaning Over 26M Barrels to Nine Oil Companies
The U.S. Department of Energy will loan over 26 million barrels of crude oil to nine companies, marking the third release of strategic reserves since the U.S.-Israel-Iran conflict began, aimed at moderating oil prices. Delivery is set for May and June 2026.
GateNews4h ago
Trump Says Iran-Related Progress Looking Very Positive; Nuclear Weapons Prevention Is Top Priority
U.S. President Donald Trump reported "very positive" developments concerning Iran, focusing on preventing the country from obtaining nuclear weapons, following recent favorable news.
GateNews7h ago
Economist Proposes National USD Stablecoin to Eliminate Currency Controls in Venezuela
Alejandro Grisanti, head of Ecoanalitica, proposed issuing a national USD stablecoin as part of a series of measures to lift currency controls in Venezuela. This system would complement the current auction system, allowing the excluded sector to receive dollars via blockchain rails.
Key
Coinpedia9h ago
