Altcoins His face was already smiling in the last cycle, now they have entered the race to increase the losses of their investors to 100 percent by hacking. Minutes ago, it was revealed that Drift Protocol had been hacked, and Arkham confirmed the claims by sharing suspicious transfers.
Drift protocol was hacked
Over $270 million in assets were suspiciously transferred to the HkGz4K wallet. With the development of artificial intelligence, attackers have been able to do their job better with less effort. Detection of security vulnerabilities used to depend on the skills of attackers, but now vulnerabilities at a certain level can be detected by anyone. Moreover, when this ability comes into the hands of attackers, they can evacuate the protocols much faster.
Details such as the cause of the vulnerability and how the incident occurred are not yet clear. But DRIFT Coin continues the day with a 15 percent loss. Although the loss in the wick was 30%, Drift Coin recovered slightly.
If Drift, which has experienced a 94% decline in the last 178 days, cannot manage the hacking incident correctly, losses may increase to 99%. At the time of writing, the attacker converts $270 million worth of assets into USDC. ETH is buying. It has purchased $42 million worth of ETH so far.
