Drift Protocol News

Drift Protocol is rebranding to Velocity as it rebounds from a major exploit, which cost it $285 million. Along the way, it embraces Tether’s USDT stablecoin as a settlement asset, dropping Circle’s USDC following its poor response to the April 1...

Decentralized Finance (DeFi) total value locked (TVL) has fallen every month of 2026. The TVL has dipped 39%, driven by a broad market correction and a run of protocol exploits. Among the top 10, only two chains grew their TVL in 2026, bucking a...

CrowdStrike’s 2026 Financial Services Threat Landscape Report says North Korea-linked hackers stole $2.02 billion in crypto in 2025, a 51% jump from 2024. The findings frame Democratic People’s Republic of Korea (DPRK) operations as a key threat to...

North Korean hackers have become a growing pain in the digital asset sector. Chainalysis estimates that state-sponsored outfits like the Lazarus Group have already stolen approximately $6.75 billion in crypto funds in 2025. The $280 million to $285...

North Korean hackers accounted for 76% of all crypto hack losses through April, according to TRM Labs. The report revealed that hackers from two distinct groups stole roughly $577 million across two attacks in 2026. 2 North Korean Heists Drove 76%...

BitcoinWorld DRIFT Delisting Confirmed: Upbit, Bithumb, Coinone Remove Token on June 1 South Korea’s three largest cryptocurrency exchanges — Upbit, Bithumb, and Coinone — have jointly announced the delisting of Drift (DRIFT). The token will be...

Drift Protocol faces loss of $285M and KelpDAO suffers $293M in April 2026's biggest DeFi exploits, with Lazarus Group suspected in the KelpDAO attack.

LayerZero says preliminary indicators point to North Korea’s Lazarus Group, specifically the TraderTraitor subgroup, as the likely actor behind the KelpDAO exploit on April 18, 2026. The theft now ranks as the largest decentralized finance (DeFi)...

Crypto protocols lost over $606 million to hacks in just 18 days of April 2026. That makes it the single worst month for exploits since February 2025. The surge comes from two attacks on KelpDAO and Drift Protocol. Together, they account for 95% of...

Tron founder Justin Sun publicly called on the KelpDAO bridge hacker to negotiate a return of the stolen funds, warning that a $292 million loss could bring down both Aave and KelpDAO. Sun’s appeal followed the largest Decentralized Finance (DeFi)...