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Technical bleeping computer · 2/4/2026

Drift loses $280 million as hackers seize Security Council powers

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Drift Protocol suffered a major exploit resulting in $280 million loss after threat actors gained unauthorized control of the Security Council administrative functions through a planned, sophisticated attack. The incident represents a critical infrastructure breach affecting decentralized finance operations.

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Drift Protocol suffered a major exploit resulting in $280 million loss after threat actors gained unauthorized control of the Security Council administrative functions through a planned, sophisticated attack. The incident represents a critical infrastructure breach affecting decentralized finance operations.

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Crypto Scam