🕳️ Vulnerabilities & CVEs

North Korean Hackers Hijack Drift's Governance, Wipe Out $280 Million in User Funds

Your Drift trading account? Frozen. $280 million gone to North Korean hackers who gamed the multisig. Everyday DeFi users pay the price for elite governance flaws.

Elena Vasquez 📅 Apr 03, 2026 ⏱️ 3 min read 👁️ 2 views
North Korean hackers seizing control of Drift Protocol Security Council dashboard

⚡ Key Takeaways

  • North Korean hackers bypassed code exploits by hijacking Drift's 2/5 multisig Security Council.
  • Users face frozen funds and low recovery hopes; $280M loss shakes Solana DeFi trust.
  • Governance multisigs proven weak — expect regulatory push for better safeguards.

🧠 What's your take on this?

Cast your vote and see what Threat Digest readers think

Elena Vasquez
Written by

Elena Vasquez

Senior editor and generalist covering the biggest stories with a sharp, skeptical eye.

#Drift Protocol hack #Lazarus Group #North Korean hackers #Solana DeFi exploit

Worth sharing?

Get the best Cybersecurity stories of the week in your inbox — no noise, no spam.

Originally reported by Bleeping Computer

Related Stories

📬

Stay in the loop

The week's most important stories from Threat Digest, delivered once a week.

No spam. Unsubscribe any time.