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.
Arthur Hayes warned that the Drift exploit exposes multisig weaknesses, while Solana executives say the incident stemmed from compromised admin access rather than a protocol bug.
Drift Protocol was hit by a coordinated exploit on April 2, 2026 that used durable nonce accounts and social engineering to compromise its Security Council, leading to an estimated $280 million loss. The incident highlights a governance and operational security failure with broad DeFi implications.
On-chain analysts estimate more than $200 million was drained from Drift Protocol wallets on April 1, 2026, marking one of the largest DeFi exploits this year. The attack underscores renewed security scrutiny for Solana-based platforms and margin trading protocols.
Resolv paused its protocol after an attacker minted 80 million unbacked USR tokens, sending the stablecoin to $0.24. The halt is intended to prevent further damage while investigations and remediation proceed.
The USD-pegged stablecoin USR sharply depegged following an exploit on the Resolv platform, plunging to roughly $0.40. The event throws fresh doubt on the coin's backing and market liquidity.
Venus (XVS) slid about 9% after an attacker manipulated THE token, driving its price down ~17% and triggering cascading liquidations that left the protocol with bad debt. Estimated attacker profits are $3.7–$5.8 million.
Venus Protocol is investigating after an address allegedly used illiquid $THE as collateral to withdraw roughly $3.7 million in assets just before large-scale liquidations. The suspected exploit raises fresh questions about collateral valuation and risk controls on BNB Chain.
Jito Foundation has acquired SolanaFloor after the protocol shut down following a $27 million exploit tied to parent company Step Finance. The move aims to stabilize services and protect users on the Solana ecosystem.
Solv Protocol lost about $2.7 million after an exploit in a BRO vault on March 5, 2026; the SOLV token shows no immediate price impact.