Drift Loses $280M as North Korean Hackers Seize Council
🔒Drift Protocol lost at least $280 million after an attacker seized administrative control of its Security Council and drained protocol funds. Blockchain intelligence firms Elliptic and TRM Labs linked the operation to North Korean actors, citing on-chain tradecraft such as Tornado Cash use, CarbonVote timing, cross-chain bridging, and rapid laundering. Drift says no smart contract bugs or seed phrases were compromised; core functions are frozen while investigations continue.
