What is it Drift Protocol ?

It is a decentralized trading platform based on Solana that allows users to use the platform with full transparency and very high security without the need for a central trustee while maintaining full control over their money. It contains many features such as spot trading perpetual contracts borrowing and lending, the most important of which is providing liquidity The biggest challenge facing these protocols is the weak liquidity that affects market makers.

what happened in the attack!

However, contrary to custom, this hack did not occur due to a software error or a security vulnerability, but was a complex process that lasted for months and combined social engineering and manipulation of the structure of the blockchain. it began everything six months ago, where they pretended to be a trading company and began to trade on the platform and build a relationship with the team and deposited $285 million in the platform and helped to fix many technical problems and they managed to penetrate one of the computers and stole the powers by what is called.

Take This With You

Drift hacking seems to have not only exploited a loophole in the system, but also served as a severe warning that they are bad at security. Security doesn’t stop at just writing code, it also has to take into account human factor and governance. Before you invest, ask yourself these questions: Who are the powers? Is there enough time to intervene before you make a decision? Real decentralization is the only source of your guarantee. For example, if someone can pull everything