Author: DLNews,DefiSolar

Translator: ShenChao TechFlow

ShenChao Overview: Drift Protocol, one of the largest perp DEXs on Solana, confirmed today that it has been actively attacked, with $285 million leaving the protocol, and deposits and withdrawals have been completely paused.

At the same time, KOL on social platforms @DefiSolar has compiled a list of delta-neutral protocols that may have exposure; the attack on Drift not only affects direct users, but all users who are indirectly exposed to Drift through delta-neutral strategy protocols also face risks. This post is currently the earliest first-hand information summarizing the range of affected protocols. If you are running any yield strategies on Solana, you need to immediately check against this.

On-chain detective marked on Wednesday that over $285 million has left Drift Protocol. This Solana-based trading platform subsequently announced it is under attack and is conducting an investigation. Several key figures in the Solana ecosystem have also warned users to temporarily avoid using the platform.

Trading platform Drift Protocol stated on Wednesday that it is under "active attack" and advised users not to deposit funds into the protocol—prior reports indicated that $285 million has gone missing.

The native token of this Solana perpetual futures exchange, DRIFT, dropped significantly after the announcement. CoinGecko data shows that DRIFT fell 11% within 24 hours, currently priced just above $0.05.

"Drift Protocol is under active attack, and deposits and withdrawals have been paused," the application team wrote on the official X account, "Please operate cautiously until further notice."

The official also stated that they are currently coordinating with several security companies, cross-chain bridges, and exchanges to contain the situation.

DL News has sent an interview request to Drift Protocol, but has not received a response as of publication.

The on-chain detective first posted on X on Wednesday afternoon New York time, indicating that funds are rapidly flowing out of the protocol. On-chain data company Arkham Intelligence tracked the DeFi platform treasury data, which showed a sharp drop in its balance on Wednesday.

PeckShield also @ mentioned Drift Protocol on X, alerting them to the abnormal situation.

Top figures in the Solana ecosystem quickly issued warnings, including Mert Mumtaz, CEO of Solana developer platform Helius. He wrote: "Not 100% sure yet, but Drift seems to be under attack, please monitor your positions."

According to on-chain detective tracking, over $285 million in crypto assets have exited the protocol, most of which are USDC.

Additionally, tens of millions worth of Jupiter Perps, Fartcoin, and Wrapped Ethereum have also been transferred.

Drift Protocol is a non-custodial trading platform that allows users to trade using leverage without an expiration date.

Drift Labs—the company behind this trading platform—announced in 2024 the launch of a prediction market platform aimed to compete with Polymarket.

Update (April 1): This article has been updated with the latest statement from Drift Protocol.

Suggestions from @DefiSolar:

Based on my current impression, the following protocols have exposure to Drift Protocol:

radeNeutral

elementaldefi

synatraxyz (possibly)

project0

the treasury of ranger_finance

If you have deposited money in any delta-neutral strategy protocol, they may have exposure to Drift.

Supplement: reflectmoney is also among them.

Regarding the situation with Elemental: The Kamino Elemental treasury is safe, that portion of the money exists on Kamino. However, Elemental's USD treasury seems to be exposed to Drift.

Regarding the situation with USDC+: If you hold USDC+, you are unaffected.