Crypto platform Drift suffers from hack suspected to total $270 million — firm goes into damage control mode, suspends deposits and withdrawals

Drift Protocol, a major open-sourced perpetual futures exchange on Solana, has been hit by a cyberattack leading to the suspension of deposits and withdrawals. While the company has not confirmed the exact amount lost, estimates suggest around $130 million to $270 million in crypto stolen. This breach is considered one of the largest reported hacks this year. Despite law enforcement efforts to combat such incidents, scams remain a significant threat, with billions lost in crypto assets in 2025.