Paxos Launches Partner Rewards Engine, Brings On-Chain Yield to USDG

Drift Protocol was hit by a $270 million breach on April 1 after a roughly six‑month infiltration by a North Korean state‑sponsored hacking group. The incident heightens concerns about DeFi security, fund recovery, and possible sanctions evasion.

Solana co-founder Anatoly Yakovenko called the recent Drift Protocol exploit "terrifying" after reports tied the incident to a sophisticated social engineering operation attributed to North Korean actors. The breach underscores growing state-linked threats to decentralized finance.

Drift Protocol announced an airdrop following a $285 million exploit on Solana, saying it aims to compensate users and stabilize the platform. The move has prompted criticism from parts of the crypto community over transparency and priorities.

On-chain data shows Chainlink executed its scheduled quarterly unlock, releasing 17.875 million LINK (about $165 million), prompting concern over near-term selling pressure.

Circle declined requests to freeze about $285 million in USDC stolen from the Drift protocol. The decision has drawn criticism and renewed debate about recoverability and accountability in DeFi.