North Korea–linked hackers drain $285M from Drift in sophisticated attack
6 hours ago
- #Cryptocurrency Heist
- #North Korea Hacking
- #DeFi Security
- Drift Protocol suffered a $285 million cryptocurrency heist in a sophisticated attack.
- Attackers likely linked to North Korea used durable nonce accounts and compromised multisig approvals.
- The attack involved multi-week preparation, including setting up wallets and pre-signing transactions.
- Funds were drained rapidly, with assets swapped to USDC and moved to Ethereum.
- Elliptic's report suggests this is the 18th DPRK-linked crypto theft this year, tied to funding weapons programs.
- Drift's Total Value Locked (TVL) dropped from $550 million to under $250 million post-attack.
- Drift halted operations, notified law enforcement, and is working with security firms to trace and freeze stolen assets.