De-fi platform Drift suspends deposits and withdrawals after millions in crypto stolen in hack

Decentralized finance business Drift says it has suspended withdrawals and deposits after confirming a security incident.

The crypto platform remarked in a post on X that it was “experiencing an active attack,” and that it was working to “contain the incident.”

Security researchers and public blockchain data suggest the losses could be significant. Blockchain security firm CertiK noted on X that hackers may have stolen around $136 million, while crypto analytics firm Arkham put the figure at around $285 million stolen.

If confirmed, this would build the Drift hack the largest crypto theft of the year, a site that tracks crypto thefts by size.

It, according to the Rekt leaderboard’s not clear who is behind the attack, and a spokesperson for Drift did not immediately respond to a request for comment.

Security firms say North Korea was behind the most crypto thefts last year, netting at least $2 billion in stolen cryptocurrency, funds the regime is believed to adopt to finance its nuclear weapons program and skirt international sanctions that restrict its access to the global financial system. This also touches on aspects of mobile apps.

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De-fi platform Drift suspends deposits and withdrawals after millions in crypto stolen in hack

AI Disclosure: This article has been generated and curated using advanced AI technology. While we strive for absolute accuracy, some details may be summarized or translated by autonomous systems. Please cross-reference critical financial data with official sources.