hodler

1 Apr 2026, 18:16

Drift Protocol SOL Exploit Sees Over $200M Drained: Biggest DeFi Hack of 2026?

Onchain analysts flagged an estimated $200 million or more, drained from Drift Protocol accounts on April 1, 2026, making it one of the largest decentralized finance ( DeFi) breaches recorded this year. DRIFT Token Crashes After Protocol Reports Major Onchain Exploit The funds moved to wallet address HkGz4KmoZ7Zmk7HN6ndJ31UJ1qZ2qgwQxgVqQwovpZES, which blockchain explorers have flagged as potentially

1 Apr 2026, 18:02

Drift Protocol suffers $270 million hack, sharp losses hit DRIFT Coin

Drift Protocol suffered a $270 million hack, causing DRIFT Coin to plunge in value. Attackers moved funds rapidly and began converting stolen assets into ETH and USDC. Continue Reading: Drift Protocol suffers $270 million hack, sharp losses hit DRIFT Coin The post Drift Protocol suffers $270 million hack, sharp losses hit DRIFT Coin appeared first on COINTURK NEWS .

1 Apr 2026, 18:00

Drift Protocol Hack: Solana DeFi Rocked by Potential $270 Million Exploit

BitcoinWorld Drift Protocol Hack: Solana DeFi Rocked by Potential $270 Million Exploit In a significant blow to the decentralized finance (DeFi) ecosystem, the Solana-based Drift Protocol faces a potential security breach involving approximately $270 million. Blockchain analytics firm Lookonchain first reported the suspicious movement of assets to a wallet address beginning with ‘HkGz4K’ on October 26, 2025, sending shockwaves through the cryptocurrency community and raising urgent questions about smart contract security. Analyzing the Drift Protocol Hack Incident The reported Drift Protocol hack centers on its core function as a decentralized exchange for perpetual futures. Consequently, the platform allows users to trade leveraged derivative contracts without expiry dates. Initial data from on-chain analysts indicates a massive, unauthorized transfer of digital assets. Furthermore, the incident highlights the persistent vulnerabilities within complex DeFi smart contracts. Lookonchain’s alert pointed to transactions moving funds from the protocol’s main liquidity pools. Subsequently, community investigators began tracing the flow of tokens. The destination wallet, HkGz4K…, quickly received funds across multiple asset types. This pattern suggests a sophisticated exploit rather than a simple user error. Context and Impact on Solana DeFi This potential exploit strikes at a critical time for the Solana network. Recently, Solana has seen a resurgence in developer activity and total value locked (TVL). Drift Protocol itself was a major contributor to this growth. Therefore, a confirmed hack of this magnitude could severely impact investor confidence. The immediate effects are already becoming clear: Market Reaction: Solana’s native token (SOL) experienced notable price volatility following the news. Protocol Activity: Trading volume and deposits on Drift have reportedly plummeted as users assess the situation. Ecosystem Risk: Other Solana DeFi protocols are conducting emergency security reviews of their own code. Expert Analysis of DeFi Security Vulnerabilities Security experts consistently warn about the risks in permissionless financial systems. For instance, smart contract audits, while essential, cannot guarantee absolute safety. A single logic flaw or price oracle manipulation can lead to catastrophic losses. The Drift Protocol incident appears to follow this unfortunate pattern. Historical data provides crucial context. The table below compares recent major DeFi exploits: Protocol (Year) Network Estimated Loss Cause Drift Protocol (2025) Solana $270M (reported) Under Investigation Euler Finance (2023) Ethereum $197M Flash Loan Attack Wormhole Bridge (2022) Solana $326M Signature Verification Flaw This comparison illustrates the scale of the alleged Drift breach. Moreover, it underscores a recurring challenge for the entire industry. The Path Forward for Protocol Security The Drift Protocol team has not yet released an official root-cause analysis. However, standard procedure involves several critical steps. First, developers must pause vulnerable contracts to prevent further drainage. Next, a comprehensive forensic investigation begins. Finally, teams often explore recovery options, which may include negotiations with the exploiter. Community response has been swift. Decentralized autonomous organizations (DAOs) governing other protocols are discussing treasury diversification. Additionally, insurance protocols like Nexus Mutual are assessing claims. The event serves as a stark reminder for users about the non-custodial nature of DeFi. Risk management practices are now under greater scrutiny. Experts recommend users always understand the smart contracts they interact with. Furthermore, diversifying assets across multiple protocols and chains can mitigate single-point failure risks. This incident will likely accelerate the development of more robust security frameworks. Conclusion The reported $270 million Drift Protocol hack represents one of the most significant potential security incidents on the Solana blockchain. It highlights the inherent risks and immense challenges in securing decentralized financial systems. While the full details and final impact are still emerging, the event will undoubtedly influence security standards, regulatory discussions, and user behavior across the entire DeFi landscape. The community now awaits official confirmation and a detailed post-mortem from the Drift Protocol developers. FAQs Q1: What is Drift Protocol? Drift Protocol is a decentralized exchange built on the Solana blockchain. It specializes in perpetual futures trading, allowing users to speculate on asset prices with leverage without an expiry date for contracts. Q2: Has the Drift Protocol hack been officially confirmed? As of the latest reports, the incident is based on on-chain data analysis by Lookonchain. The Drift Protocol team has yet to release an official statement confirming a hack, but the suspicious movement of $270 million in assets is under intense investigation. Q3: What should users of Drift Protocol do now? Users should immediately avoid interacting with the protocol’s smart contracts until an official all-clear is given. They should monitor official Drift Protocol communication channels (Twitter, Discord, blog) for updates and instructions regarding fund safety. Q4: How does this affect the broader Solana DeFi ecosystem? A major exploit on a leading protocol like Drift can damage user confidence across Solana DeFi, potentially leading to reduced total value locked (TVL) and increased scrutiny on other projects. It often triggers industry-wide security reassessments. Q5: Can the stolen funds from a DeFi hack be recovered? Recovery is difficult but not impossible. It sometimes occurs through negotiations with the exploiter, intervention by white-hat hackers, or via decentralized governance votes to use treasury funds. However, there is no guarantee of recovery in non-custodial DeFi systems. This post Drift Protocol Hack: Solana DeFi Rocked by Potential $270 Million Exploit first appeared on BitcoinWorld .

1 Apr 2026, 17:48

Galaxy Digital's testnet suffers hack but no client funds or information were compromised

Mike Novogratz’s crypto financial services firm said unauthorized access was limited to a segregated R&D workspace; trading systems and client accounts were unaffected.

1 Apr 2026, 13:35

Global AI moves accelerate: daily roundup

Everything happening around AI right now is a lot to keep up with, so Cryptopolitan is pulling it all together in one place. First up, Nvidia, now the biggest company in the world, is putting about $2 billion into chip maker Marvell to improve how data moves inside AI data centers. The focus is on silicon photonics, which means using light instead of electricity to move data faster and carry more of it at the same time. Big tech companies are designing custom AI chips instead of relying only on Nvidia GPUs, and Marvell already works with companies like Amazon to create those chips. Iran is once again listing major tech companies as targets and sets attack timeline As that was happening, Iran’s IRGC named 18 tech companies as targets in its defense against the US and Israel’s war, and the list includes Nvidia, Apple, Microsoft, and Google . The warning came after U.S. and Israeli strikes on Iran. The group said attacks would begin at 8 p.m. on April 1 in Tehran, which is 12:30 p.m. Eastern time. They also told employees at those companies to leave their workplaces to stay safe. The list goes further. It includes Cisco, HP, Intel, Oracle, IBM, Dell, Palantir, JP Morgan, Tesla, GE, Spire Solutions, Boeing, and UAE-based AI company G42. This follows earlier strikes on AWS data centers in the Middle East. Those strikes caused outages in apps and digital services in the United Arab Emirates. At the same time, U.S. tech firms have been investing heavily in the region. The Middle East offers cheap energy and land, which makes it attractive for AI infrastructure. Meanwhile, Trump is on Truth Social saying, “Iran’s New Regime President, much less Radicalized and far more intelligent than his predecessors, has just asked the United States of America for a CEASEFIRE! We will consider when Hormuz Strait is open, free, and clear. Until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!” Zhipu jumps on earnings while Oracle cuts jobs and Anthropic faces code leak Chinese AI company Zhipu saw its stock jump sharply. Shares rose as much as 35% before closing 31.94% higher. Zhipu listed in Hong Kong in January and raised $558 million in its IPO. It is one of the first pure-play AI model companies to go public. The company reported revenue of about 724 million yuan for 2025. That is a 132% increase from the previous year. Still, it missed expectations of 760 million yuan. Losses increased. Net adjusted loss reached 3.18 billion yuan, up 29.1%, driven by higher spending on research and development. In the U.S., Oracle is dealing with a 25% drop in its stock price this year, thanks to spending heavily on AI infrastructure. Oracle had 162,000 employees as of May 2025, and has not made a public statement about the cuts. Oracle also reported that its remaining performance obligations rose 359% to $455 billion. This followed a deal with OpenAI worth over $300 billion. After that, Oracle named Mike Sicilia and Clay Magouyrk to replace Safra Catz as CEO. Meanwhile, Anthropic confirmed that part of its Claude Code source code was exposed. The company said, “No sensitive customer data or credentials were involved or exposed. This was a release packaging issue caused by human error, not a security breach. We’re rolling out measures to prevent this from happening again.” The leak still matters. It gives developers and competitors insight into how the tool works. A post sharing the code link reached over 21 million views on X after being posted early Tuesday. Earlier, documents about an upcoming AI model were found in a public data cache, according to a report by Fortune. Your keys, your card. Spend without giving up custody and earn 8%+ yield on your balance with Ether.fi Cash.

1 Apr 2026, 13:31

Coinomi Integrates StealthEX for Instant 2,000+ Asset Swaps: Limitless Trading for the Self-Custodial Era

The landscape of digital asset management is undergoing a tectonic shift. As the mantra "not your keys, not your coins" moves from a niche warning to a foundational principle for millions of global users, the demand for sophisticated, in-wallet financial services has never been higher. Leading this charge is Coinomi , one of the industry's most storied multi-asset crypto wallets, which has recently supercharged its ecosystem through a strategic integration with StealthEX , a premier non-custodial instant cryptocurrency exchange. This partnership brings a massive liquidity injection and asset variety to Coinomi users, allowing for the seamless exchange of over 2,000 cryptocurrencies without ever relinquishing control of private keys or undergoing intrusive registration processes. The Evolution of In-Wallet Swaps: From Complexity to Convenience For years, the "crypto experience" was fragmented. To trade assets, a user typically had to navigate a cumbersome cycle: Withdraw funds from a hot or cold wallet to a Centralized Exchange (CEX). Wait for multiple network confirmations. Complete mandatory KYC (Know Your Customer) checks that often involve sharing sensitive personal data. Execute the trade, paying both network and platform fees. Withdraw the new asset back to a private wallet for safekeeping. This friction didn't just cost time and money; it created a significant security risk. Every minute an asset sits on a centralized platform is a minute it is subject to the exchange’s security protocols, withdrawal limits, or potential insolvency. The industry has evolved toward Self-Custody 2.0. Modern users demand the security of a private wallet with a built-in exchange. The Coinomi and StealthEX integration represents the pinnacle of this evolution. By embedding the StealthEX API directly into the Coinomi interface, the "middleman" of the centralized exchange is eliminated. Users can now react to market volatility in seconds, swapping between thousands of pairs while their assets remain protected by Coinomi’s battle-tested security layer. A Deep Dive into the Integration: 2,000+ Reasons to Swap The standout feature of this integration is its sheer scale. While many in-wallet swap services limit users to a few dozen popular assets (like BTC, ETH, and stablecoins), the StealthEX integration opens the floodgates to the long-tail of the crypto market. Unparalleled Asset Variety Coinomi users can now access over 2,000 coins and tokens. This includes: Major Blue-Chips: Seamless transitions between BTC, ETH, USDT, and XRP. Privacy Coins: Secure swaps involving assets like ZEC and XMR. DeFi & Emerging Gems: Hundreds of low-cap tokens and "hidden gems" that are often difficult to find on mainstream exchanges. The User Experience: Precision and Speed The integration is designed for both the "crypto-native" and the beginner. The process is elegantly simple: Select: Choose the asset you have and the asset you want. Verify: View the transparent exchange rate and estimated arrival time. Confirm: Since it is non-custodial, the swap is executed directly on the blockchain via StealthEX’s liquidity providers. Technical Performance and Liquidity The integration utilizes StealthEX’s high-throughput API to ensure that users receive competitive rates. In the world of instant swaps, slippage, the difference between the expected price of a trade and the price at which the trade is executed, is a critical metric. Through StealthEX, the slippage is kept to a minimum. By aggregating liquidity from multiple sources, the integration ensures that even during periods of high market volatility, users can execute large trades without the significant price impact usually seen on smaller DEXs. About StealthEX: Privacy and Freedom as a Service Launched in 2018, StealthEX has carved out a reputation as a privacy-centric powerhouse in the exchange space. Unlike traditional platforms that require accounts, passwords, and identity verification, StealthEX operates on a "no-registration" model . Key Features of StealthEX: Non-Custodial Nature: StealthEX does not hold user funds. It acts as a bridge, ensuring that the exchange happens "wallet-to-wallet." Unlimited Swaps: There are no arbitrary upper limits on how much a user can exchange, making it a preferred choice for "whales" and institutional-grade users seeking privacy. Security Vetting: Every asset listed on StealthEX undergoes a rigorous assessment to ensure network stability and legitimacy before being offered to the public. StealthEX has spent years building a robust network of partners, integrating its API into respected names. By joining forces with Coinomi, StealthEX further democratizes access to a borderless, private financial system. Coinomi: The Gold Standard of Multi-Chain Security To understand the impact of this integration, one must look at the foundation provided by Coinomi . Established in 2014, Coinomi is one of the oldest and most respected wallets supporting multiple blockchains in existence. A Legacy of Zero Hacks In an industry where security breaches are a weekly occurrence, Coinomi boasts a legendary track record: zero hacked wallets since its inception. This is not due to luck, but rather a relentless focus on privacy-first engineering. Why Users Trust Coinomi: Ultimate Privacy: There is no IP linking, no identity binding, and no transaction tracking. Coinomi’s servers anonymize requests by hiding your IP address from prying eyes. Extreme Versatility: With support for multiple blockchains and tokens, Coinomi is the "all-in-one" hub for the modern investor. Standard-Setting Growth: Recent data indicates that Coinomi’s focus on user experience is paying off. The platform has seen a 50% Year-over-Year (YoY) growth in Monthly Active Users (MAU). Increased Trust: Perhaps more impressively, the Average Order Value (AOV) for in-wallet swaps has increased by 90% since mid-2024. This suggests that users are not just using this non-custodial mobile wallet for small trades, but are trusting it with significant capital for their exchange needs. By adding StealthEX to its roster of providers, Coinomi reinforces its status as a premier "super-app" for crypto, a single place where you can buy, store, stake, and now, swap an almost limitless variety of assets. The Future of Self-Custodial Finance The partnership between Coinomi and StealthEX is more than just a technical update; it is a statement of intent for the future of decentralized finance (DeFi). It proves that the security of cold-storage-like custody can coexist with the liquidity and speed of a professional trading floor. As regulatory pressure on centralized exchanges continues to mount, the shift toward non-custodial crypto exchanges within privacy-focused wallets is inevitable. Users no longer want to choose between safety and opportunity. They want both. Through this integration: The Investor gains access to 2,000+ assets instantly. The Privacy Advocate maintains their anonymity without KYC . The Security Enthusiast sleeps soundly knowing their private keys never left their device. The barrier to entry for the "untouchable" crypto portfolio has been lowered. Whether you are swapping Bitcoin for a new Layer-1 protocol or diversifying into emerging DeFi tokens, the Coinomi-StealthEX bridge is your most powerful tool. Summary of Benefits at a Glance Feature: Coinomi + StealthEX Integration Asset Selection: 2,000+ Cryptocurrencies Custody Type: Non-custodial (You own your keys) KYC Requirements: None (No registration required) Slippage: Minimized via high-throughput API Wallet Security: 10-year track record with zero hacks Privacy: IP masking and no identity linking Experience the future of trading today. Download or update your Coinomi wallet and explore the vast liquidity of StealthEX directly from your dashboard. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.