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Drift Offers Reward After $280M Hack

03.04.2026 14:53

Here's a rewritten version of the news article, incorporating the key details and using varied sentence structures, while avoiding the specified website references:

Following a significant security breach, the decentralized exchange (DEX) Drift Protocol, built on the Solana blockchain, has initiated direct, on-chain communication with the digital wallets believed to be holding funds misappropriated during the exploit. Estimates from external security firms place the total value of the stolen assets between $280 million and $286 million, marking a substantial setback for the platform. The protocol announced via social media that it has begun this unprecedented outreach, hoping to establish a dialogue with the perpetrator.

Specifically, Drift’s team has transmitted on-chain messages from their Ethereum address (0x0934faC) to four distinct wallets identified as being associated with the attacker. These messages, publicly visible on the blockchain, implore the individual or group responsible to connect via Blockscan chat, with the protocol stating, "We are ready to speak." This tactic of on-chain messaging is increasingly being employed in response to crypto exploits, offering a unique avenue for protocols to engage with attackers while maintaining a degree of anonymity. Previous incidents, such as the Euler Finance hack, have demonstrated the potential of this approach to facilitate the recovery of some lost funds.

Adding another layer of complexity to the situation, an anonymous entity utilizing the ENS name "readnow.eth" previously attempted to contact the same wallets. This sender, through on-chain messages delivered on Thursday, asserted knowledge of the identities behind the attack and demanded a payment of 1,000 ETH in exchange for silence. The veracity of these claims remains unverified and raises concerns that this could be an attempt to further pressure or mislead the individual controlling the affected wallets. The incident underscores the potential for unconfirmed and potentially manipulative messages to proliferate on the blockchain in the aftermath of a security compromise.

The repercussions of the Drift Protocol exploit are continuing to ripple through the Solana ecosystem. Data from SolanaFloor indicates that at least 20 Solana-based protocols have been affected, with the decentralized finance platform Gauntlet experiencing an estimated $6.4 million impact. Furthermore, blockchain security firm Cyvers reports that the scope of the damage is still expanding, and as of Friday morning, no funds have been recovered in the 48 hours since the initial attack. The situation remains fluid, and the full extent of the fallout is yet to be determined.



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