Is Your Crypto Funding Pyonyang? Inside Solana-Based Drift Protocol $286 Mill...
Blockchain analytics firm Elliptic says the $286 million exploit of Solana-based Drift Protocol is most likely linked to the Democratic People’s Republic of Korea (DPRK). Solana Suffered One Of The Largest Crypto Exploits In History On April 1st, the DEX Drift Protocol suffered a major exploit that drained almost $300 million dollars in crypto assets […]
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While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.”
Solana Perpetual Swap Exchange Drift Reveals Mainnet Launch, Raises $3.8 Million
While centralized exchanges like Binance, FTX, Bybit, and Bitmex offer crypto-based perpetual swaps, decentralized....
Solana-based Drift Protocol has suffered the largest exploit of 2026 to date, losing nearly $300 million in a “highly sophisticated operation” that has raised concerns about the growing threat of human-targeted attacks in the crypto space. Related Reading: Bitcoin ETFs Break Four-Month Negative Streak With $1.32B Inflows While ETH, XRP Funds Bleed Solana DEX Loses $285M On April Fool’s Day On Wednesday, Solana-based decentralized exchange (DEX) Drift Protocol was the victim of an exploit that stole hundreds of millions of dollars from its vaults. After online reports flagged unusual....
On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn Labs has revealed the company has raised $3 million from investors in order to bolster defi margin trading, according to a press release announcement on Wednesday. Mrgn Labs is the team behind the defi margin protocol called Marginfi, a....
Apricot Finance, the Solana-based money market protocol that offers lending, borrowing, and other DeFi (decentralized finance) services, announced that it has closed a funding round worth USD four million. The Solana ecosystem has seen substantial growth in the past couple of years. Apricot Finance aims to leverage this growth and has thus built a unique […]
Helius Labs CEO Mert Mumtaz ignited a fresh round of debate inside the Solana ecosystem on September 10 after floating the idea of a Solana-aligned stablecoin whose reserve yield would be redirected to SOL via buybacks or burns—either as an “enshrined” protocol feature or, more likely, through competing digital-asset treasury companies (DATs). “Warming up to […]