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Home » Inside the $280M Drift hack: weeks of setup, minutes to drain

Coinbase

Inside the $280M Drift hack: weeks of setup, minutes to drain

By John SmithJune 4, 20261 Min Read

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Drift Protocol was hacked for roughly $280M yesterday after a likely social engineering scheme breached its multisig approvals.

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Crypto June 4, 2026

Bitcoin price slides below $63K as Iran tensions shake crypto markets

Bitcoin fell below $63,000 on Thursday as the selloff in the crypto market deepened. Summary…

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Bitcoin price slides below $63K as Iran tensions shake crypto markets

June 4, 2026

Flare’s billion-dollar XRP DeFi dream has just 80 new users a day

June 4, 2026

Paybis says stablecoins are taking over business payments

June 4, 2026

Inside the $280M Drift hack: weeks of setup, minutes to drain

June 4, 2026

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Don't Miss

Crypto June 4, 2026

Bitcoin price slides below $63K as Iran tensions shake crypto markets

Bitcoin fell below $63,000 on Thursday as the selloff in the crypto market deepened. Summary…

Flare’s billion-dollar XRP DeFi dream has just 80 new users a day

June 4, 2026

Paybis says stablecoins are taking over business payments

June 4, 2026

Inside the $280M Drift hack: weeks of setup, minutes to drain

June 4, 2026

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