Updated: 02.04.2026
- The beginning of the second month of spring was marked by a major hack of the Solaana blockchain-based DEX exchange. Drift Protocol.
- Analysis of the incident revealed similarities to the attack on the crypto exchange. bybit, which took place about a year ago.
- The hacker was initially reported to have stolen over $200 million in cryptocurrency.
Ledger CTO Charles Guillemet saw similarities Drift Protocol exploit with the deception scheme that was used during the hack bybitThis allowed us to look at the incident in a new light.
On words Guillemet said the attack likely began long before the money was transferred. He said the criminals either stole enough keys or tricked multi-signature users into approving a malicious transaction. A similar scheme was used in hacking crypto exchanges bybit in 2025, which investigators linked to the North Korean group Lazarus.
The expert claims the attackers targeted people, devices, and processes. In other words, they exploited trust at the approval stage. Signatories may have thought they were approving a routine operation, while in reality, they were authorizing a data leak. As a result, the exploit looked less like a coding error and more like a security flaw.
Blockchain data confirmed this theory. According to cryptosecurity analysts, the attacker’s wallet had received 1 SOL a week earlier. This means he was preparing, not improvising. Once the withdrawals began, the stolen funds began to disappear quickly. Later, Zach XBT сообщил, that the attacker transferred over $230 million USDC through Circle’s CCTP. In total, more than 100 transactions with Solana on Ethereum lasted almost six hours.
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