Solana DeFi platform Drift halts deposits amid suspicious activity

Solana-based decentralized finance platform Drift has halted all user deposits and is investigating unusual activity on its protocol. The platform issued a warning, emphasizing it is not an April Fools' joke and urging caution. This alert has fueled speculation within the crypto community, with some users reporting irregular behavior in their positions. The CEO of infrastructure provider Helius suggested Drift might be experiencing an exploit, raising concerns about potential user fund losses and the impact on Solana's growing DeFi ecosystem.