A major decentralised finance (DeFi) platform has suffered a suspected exploit exceeding $270 million, with onchain data showing large volumes of assets rapidly moved to a single wallet. Blockchain analytics accounts first flagged the activity late on April 1, with Lookonchain stating, “Drift Protocol appears to have been exploited, with over $270M in assets suspiciously transferred to wallet HkGz4K.” Separate tracking from Solana-focused sources also pointed to a nine-figure breach, with early estimates ranging above $200 million as transactions unfolded in real time. Onchain data suggests the exploit began around 4 ... (full story)