De-fi platform Drift suspends deposits and withdrawals after millions in crypto stolen in hack

In a shocking turn of events, decentralized finance platform Drift has announced a suspension of both deposits and withdrawals following a significant security breach. The company alerted users on social media, stating that it is currently facing an 'active attack' and is focused on containing the situation. According to insights from security researchers and blockchain data, the financial repercussions of this incident could be enormous. Blockchain security firm CertiK reported on social media that the stolen funds could amount to approximately $136 million, while crypto analytics company Arkham estimates the figure may reach as high as $285 million. If these numbers are validated, this breach would mark the largest cryptocurrency theft of the year, as noted by the Rekt leaderboard, which monitors thefts in the crypto space. As investigations continue, details about the attackers remain elusive. A representative from Drift has yet to provide further statements regarding the incident. Notably, previous reports have indicated that North Korean hackers were responsible for the majority of crypto thefts last year, accumulating at least $2 billion, allegedly to fund their nuclear program and evade international sanctions that limit their access to the global financial landscape.