Kairo (DKS) 🎒
10.2K posts

Kairo (DKS) 🎒
@JinkairoX
Web3 - Circa, 2k20. @DeadKingSociety x @MadLads x @FamousFoxFed x @GalacticGeckoSG
WebTree Katılım Nisan 2019
1.4K Takip Edilen1.7K Takipçiler

@lj_wurtzbach @MadLads This was a well packaged in a backpack box, also came with matching Backpack socks included 😄
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Kairo (DKS) 🎒 retweetledi

Everything about @DriftProtocol Exploit
And 8 other protocols that got effected (TL;DR) 🧵👇
$270M drained
That’s 50% of their entire TVL gone
The attacker didn’t panic
Looking like they had pre-funded wallets ready a week before
Hacker wallet:
HkGz4KmoZ7Zmk7HN6ndJ31UJ1qZ2qgwQxgVqQwovpZES
This wallet was funded 8 days ago via near intents, but was inactive and suddenly received huge amounts from drift vault
Then today they pulled the trigger
In under an hour:
$155M in JLP
$60M in USDC
$11M in CBBTC
$4.7M in WETH
dozens of other assets
They swapped everything, bridged off Solana, and bought $82M+ in ETH
Deposited SOL directly into Binance and HyperLiquid
Token $DRIFT down over 35%
And it’s not over
Funds are still moving. Right now, and hacker is using @phantom, which made them already $10k in fees, lol
The exploiter currently holds $269.7M spread across wallets:
$141M in SOL
$82M in ETH
$18M in BTC
Hacker was still swapping millions of SOL to USDC and bridging out almost 3 hours after the hack
Didn’t seem like a rushed attack
It was planned, coordinated, and executed on April Fool’s Day on purpose
One of the team members left from protocol one month before it has happen
People think maybe there is connection
But, a lot of other protocols got effected by Drift hack...
Here is full list:
@reflectmoney - USDC+ is farming yield on Drift; mint and redemption of USDC+ has been frozen; funds are insured
@DeFiCarrot - CRT yield bearing token, team confirmed that Carrot has been impacted by the recent exploit on the Drift protocol
@project0 - protocol paused; no new borrows can be made agains drift positions
@piggybank_fi - $106.4k/$4M of funds were deployed to Drift (~2.6%)
@ranger_finance - rUSD has exposure to Drift, but no statement from the team so far
- uses Drift for yield and credt; user funds withput open loans are moved away for security reasons
@TradeNeutral - Classic deposits may be affected according to the team
@xplaceapp- uses Drift (besides Kamino) for yield on Savings, no statement from the team so far
@elementaldefi - uses Drift for USDC Vaults, no statement from the team so far
There no information how exactly hack happend
Stay safe, protect your funds, and be strong to everyone who lost money 🙏
(Some of the information I got from @_0xaryan and @derparsel thx to them!)


jussy@jussy_world
🚨Breaking: @DriftProtocol hacked for $220M, token is down 30% Stay safe!
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he keeps withdrawing more money from drift
every few minutes millions are gone
this was literally 10 minutes ago

fabiano.sol@FabianoSolana
looks like around $220M stolen so far this is the address: HkGz4KmoZ7Zmk7HN6ndJ31UJ1qZ2qgwQxgVqQwovpZES hackers are trying to swap to non freezable assets
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@daki3crypto Can relate Daki3! Glad I bought the rings, but am down bad~ time to head back to 9-5 😭😩
GIF
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