Solana-based decentralized finance (DeFi) platform Drift warned users about an “active attack” on its platform Wednesday, saying it had suspended withdrawals and deposits.
“We are coordinating with multiple security firms, bridges and exchanges to contain the incident,” the account stated.
Drift had earlier stated it was investigating “unusual activity” on its protocol, prompting issues that the platform might have been exploited.
“We are observing unusual activity on the protocol. We are currently investigating. Please do not deposit funds into the protocol while we investigate,” Drift wrote in a post on X. “This is not an April Fools joke. Proceed with caution until further notice. We’ll provide additional updates from this account.”
The warning triggered hypothesis throughout the crypto neighborhood, with some users reporting irregular conduct tied to their positions.
Helius CEO Mert Mumtaz added to the priority in a separate X post, writing, “not 100% fully certain yet, but it seems drift might be getting exploited.” Helius is a key infrastructure supplier on Solana, providing APIs and node providers that builders and platforms depend on to entry blockchain knowledge.
Arkham data stated over $250 million had moved from Drift to an interim pockets, earlier than shifting to numerous different addresses. Less than $600,000 was within the handle as of press time.
The Drift (DRIFT) token’s value fell over 20% within the hours after the exploit was first reported, buying and selling at about $0.05 as of press time.
If confirmed, an exploit might have an effect on person funds and add strain on Solana’s DeFi ecosystem, which has seen renewed development in current months.
Solana’s (SOL) value fell over the previous few hours however recovered a bit after hitting a localized backside at $83.82, and remains to be up over 1% on the day’s buying and selling.
UPDATE (April 1, 2026, 18:49 UTC): Adds further element.
