DRIFT Hack: 280M$ 6-Month Coordinated Attack

Drift Protocol, the decentralized cryptocurrency exchange, announced that the exploit targeting its platform was a six-month, highly coordinated attack. The attack, which occurred on Wednesday, resulted in approximately $280 million in losses. Preliminary examination indicates a structured intelligence operation involving organizational support, significant resources, and months of preparation.

Detailed Timeline of the DRIFT Protocol Attack

The attack plan began with actors approaching Drift contributors posing as a fake quantitative trading firm at a major crypto conference in October 2025. Over six months, they built trust through face-to-face interactions at industry events. They were technically competent individuals with professional backgrounds and knowledge of Drift’s operations. After seizing devices with malicious links and tools to execute the attack, they covered their tracks. Drift states with medium-high confidence that it was carried out by the same actors behind the October 2024 Radiant Capital hack. Radiant (RDNT detailed analysis) had announced that North Korea-linked hackers sent malware via Telegram; however, the face-to-face actors are not North Korean citizens, with DPRK actors using intermediaries. Drift is working with law enforcement and the industry to uncover the full picture. Recent developments confirm that team members were personally targeted at conferences by North Korean intermediaries.

Why Did DRIFT Price Drop? Current Technical Analysis

DRIFT price is currently at the $0.05 level, down -4.28% in the last 24 hours. RSI at 21.08 is in oversold territory, overall trend downward (Supertrend: Bearish, EMA 20: $0.0606). Post-hack DeFi confidence has been shaken, selling pressure increased. Investors should follow DRIFT detailed analysis.

Critical Support and Resistance Levels for DRIFT

• Support S1: $0.0301 (Score: 80/100 ⭐ Strong, -12.78% distance, Fibo 0.000, Prev Day Low)
• Support S2: $-0.0184 (Score: 57/100 Medium, -153.32% distance)
• Resistance R1: $0.0350 (Score: 64/100 ⭐ Strong, +1.42% distance, Pivot, Prev Day Close)
• Resistance R2: $0.1403 (Score: 60/100 ⭐ Strong, +306.55% distance)

For futures trading, check DRIFT futures.

Frequently Asked Questions About the DRIFT Hack Incident

Q: How did the DRIFT hack happen?
A: 6-month social engineering, building trust face-to-face at conferences, and malware.

Q: Who are the attackers?
A: North Korea-linked, related to the group behind the Radiant Capital hack.

Q: Will DRIFT price recover?
A: RSI shows oversold, S1 support critical; downtrend may continue.