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Drift Protocol Hacked, Over $200M Stolen in Solana DeFi Exploit

01 April, 2026.Crypto.18 sources

Key Takeaways

Drift Protocol on Solana was exploited, with losses exceeding $200 million.
The platform halted deposits and urged users to avoid interacting while investigators review.
Outlets describe the incident as one of 2026's largest DeFi exploits.

Drift Confirms Active Attack

Drift confirmed it was under an active attack after observing unusual activity.

“Solana DeFi platform Drift confirms 'active attack' as $200M+ leaves platform The platform halted deposits while it investigates suspicious activity and urges users to proceed with caution”

CoinDesk

Deposits and withdrawals were suspended while the platform coordinated with security firms.

CoinDesk

Estimates of stolen funds ranged from $200 million to $270 million.

The attacker began converting stolen assets to USDC and bridging to Ethereum.

DRIFT Token Price Plunges

Drift's native token experienced a sharp price decline following the exploit announcement.

Upbit suspended deposits and withdrawals citing a potential security incident.

Coinpaper

Solana's native token SOL showed relative resilience.

DeFi Development Corp Keeps Distance

DeFi Development Corp confirmed it had zero direct or indirect exposure to Drift.

“Drift Protocol, a decentralized cryptocurrency exchange (DEX), detected “unusual” trading activity on the platform on Wednesday, warning users not to deposit funds until the issue has been resolved”