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Crypto Hack

Weekly Wrap: Drift Hack Fallout, Morgan Stanley Unveils MSBT, Sun–WLFI Battle Heats Up

Drift confirms DPRK link on its $285M exploit, Morgan Stanley debuts a spot Bitcoin ETF on NYSE Arca, the CLARITY Act picks up speed in the Senate, and Justin Sun accuses Trump-backed WLFI of hiding a blacklist backdoor.

$285M Gone in 12 Minutes: How a Fake Token and Stolen Keys Gutted Drift Protocol

Drift protocol attackers used a $500 fake token, compromised multisig signers, and pre-signed transactions to execute the largest DeFi hack of 2026.

Drift’s $230M Hack Looks Like Bybit All Over Again: Ledger CTO

Charles Guillemet says the $230 million Drift Protocol exploit likely involved compromised multisig signers tricked into approving a malicious transaction.

Circle Had 6 Hours to Freeze Stolen Drift Funds—It Did Nothing: ZachXBT

Over $230 million in stolen USDC bridged via Circle's own CCTP from Solana to Ethereum across 100+ transactions over six hours.

Weekly Wrap: NYSE & Nasdaq Race to Tokenize Stocks, Stablecoin Bill, Hacks Cross $480M

Trump’s Iran flip triggered ~$400M in liquidations, as NYSE and Nasdaq raced into tokenization, the CLARITY stablecoin bill drew backlash, and CoinDCX founders were arrested then bailed in 72 hours.

LiteLLM Supply Chain Attack Steals 300GB Data and 500K Credentials

SlowMist’s CISO warns crypto developers to urgently check systems, rotate keys, and review logs to prevent losses like Trust Wallet’s breach.

Bitfinex Hacker Walks Free: $10B Crypto Heist Ends in Early Release

The First Step Act is shaping world’s biggest bitcoin hacker Ilya Lichtenstein’s journey from Federal prison to cybersecurity pivot.

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