Circle’s Chief Strategy Officer Dante Disparte published a direct defense of the company’s authority to freeze USDC (USDC), naming the $270 million Drift Protocol exploit as the catalyst.
The blog post and a separate X statement followed weeks of...
The post Circle Shares Tumble 10% on “Sell” Rating, Drift Protocol Scandal appeared first on Coinpedia Fintech News
USDC issuer Circle has seen its stock (NYSE: CRCL) tumble by 9.89% over the past day, closing at $85.10. The fall was attributed to...
BitcoinWorld
Drift Protocol Exposes North Korea’s Devastating $270M Crypto Heist: Inside the Sophisticated Six-Month Attack
In a sobering revelation that exposes critical vulnerabilities in decentralized finance security, the Drift protocol has...
The 10 largest crypto hacks have drained a combined $5.68 billion from the industry, yet a structural defense proposed by a DeFiLlama developer would have applied to just one of them.
Data places the $285 million Drift Protocol exploit alongside...
What initially appeared to be a sudden exploit has now been revealed as a long-term, highly coordinated operation. Drift Protocol has disclosed that the $270 million hack was the result of a six-month infiltration campaign, allegedly tied to North...
New details have emerged regarding the background of the recent $286 million Drift Protocol hack.
Continue Reading: An Official Statement Has Been Released on How the Latest $286 Million Altcoin Hack Unfolded
The post Solana Price Under Pressure as Selling Activity Rises—Is More Downside Ahead? appeared first on Coinpedia Fintech News
Solana price is down by 1.5%, reaching $78.82, plunging below $80, and underperforming the broader market, primarily...
X Head of Product Nikita Bier says no technology exists to fix the spam replies plaguing crypto accounts, claiming 80% of crypto activity is driven by bots.
The statement comes amid complaints that the platform is a “horrible website,” and...
Solana-based perpetual futures exchange Drift Protocol is facing mounting scrutiny following the catastrophic $285 million exploit it suffered this week.
The backlash is being driven by a highly speculative recovery strategy and suspicious post-hack...
BitcoinWorld
DRIFT Token Mystery: Alarming $2.4M Exchange Deposits Follow Drift Protocol Hack
In a startling development that has captured the cryptocurrency community’s attention, a blockchain wallet presumed to be associated with the Drift...
