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Solana feature exploited in $270M Drift exploit
CoinDesk·
A significant exploit targeting the decentralized exchange Drift has resulted in the loss of over $270 million. The attack did not stem from a vulnerability in Drift's core code. Instead, it ingeniously leveraged a legitimate Solana feature known as "durable nonces." This functionality allowed attackers to pre-sign administrative transfers weeks in advance. By exploiting this capability, they were able to bypass the protocol's multisig security measures and execute the fraudulent transfers within minutes, highlighting a critical security oversight in how this convenience feature was implemented or managed.
Tags
fintech
crypto
security
Original Source
CoinDesk — coindesk.com