Drift Protocol hacked, losing over $200M in largest DeFi exploit of 2026 so far

On April 1, 2026, Drift Protocol, a Solana-based decentralized finance platform, suffered a major exploit with over $200 million drained from its accounts. The stolen funds were traced to a suspicious wallet flagged as attacker-controlled. The DRIFT token price dropped sharply following the news, and the exact cause of the breach remains under investigation. Users are advised to revoke wallet approvals and avoid interacting with the protocol until official updates are provided.