How State-Sponsored Hackers Like DPRK Drain DeFi Protocols: Uneasy Money

Bearish:

• $DRIFT - Drift Protocol suffered a major $250M+ hack due to admin key compromise, marking their second hack after a 2022 vault draining incident.

  • “We are, yeah. We're we've got some wild stuff to talk about today. I think the first thing that we need to jump straight into basically is Drift Protocol hack. It's sitting at 250,000,000 plus right now.”

    Kain·1:08

  • “So this is the second time that Drift has been hacked as well. I think there was like, a 2022 vault draining, like, similar vault draining issue where collateral was inflated and and money was taken out. So, yeah, it's not not amazing. Not amazing.”

    Kain·35:58

  • “I think the interesting thing, this definitely doesn't feel like a vibe coding. Like, this is not like a hack hack. This is a key compromise. Right? Like, they didn't find some exploit in the programs that allowed them to, like they've just changed parameters and made it a thing and and, you know, had had admin control.”

    Kain·36:27