Hack

Hack

Tech

How North Korea's 6-month long secret espionage program has crypto community rethinking security

For years, the DeFi industry has treated security as a technical problem: something that could be solved with better code. But the Drift incident suggests something far more complex: that the real vulnerabilities may lie outside the codebase altogether.

(Gorodenkoff/Shutterstock)

Tech

Solana Foundation unveils security overhaul days after $270 million Drift exploit

The program includes 24/7 threat monitoring for protocols with more than $10 million in deposits and a dedicated incident response network of security firms.

Solana logo

Tech

AI is making crypto's security problem even worse, Ledger CTO warns

Ledger’s Charles Guillemet says artificial intelligence is making hacks cheaper and faster, forcing a rethink of how crypto systems stay secure.

Charles Guillemet, CTO of Ledger (CoinDesk TV)

Finance

Circle under fire after $285 million Drift hack over inaction to freeze stolen USDC

Prominent blockchain sleuth ZachXBT alleged faster action by Circle could have limited crypto losses, but freezing asset without legal authorization carries legal risks.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Tech

How a Solana feature designed for convenience let attackers drain more than $270 million from Drift

The exploit did not involve a bug in Drift's code. It used "durable nonces," a legitimate Solana transaction feature, to pre-sign administrative transfers weeks before executing them, bypassing the protocol's multisig security in minutes.

Hacker (Getty Images/Seksan Mongkhonkhamsao)

Finance

North Koreans hackers likely behind $286 million Drift Protocol exploit: Elliptic

The blockchain analytics firm pointed to cross-chain laundering patterns and Solana-specific tracing challenges that mirror prior North Korean state-linked operations.

North Korea, Kim Jong Un (Shutterstock)

Tech

Galaxy Digital's testnet suffers hack but no client funds or information were compromised

Mike Novogratz’s crypto financial services firm said unauthorized access was limited to a segregated R&D workspace; trading systems and client accounts were unaffected.

Galaxy Digital CEO Mike Novogratz: ‘Crypto Revolution Is Here’

Finance

Hacker steals $282 million crypto from a victim in social-engineering attack

A sophisticated social-engineering attack led to the theft of more than $282 million in BTC and LTC, with the funds rapidly laundered through monero.

Hacker sitting in a room

Markets

Truebit token crashes 99.9% after hacker drains $26.6 million in ether

The attack exploited a flaw in an older smart contract, allowing the attacker to buy TRU at no cost and sell it back to extract ether.

stairs

Finance

North Korean hackers stole a record $2 billion of crypto in 2025, Chainalysis says

North Korea-linked hackers drove a record year for crypto thefts, favoring rare but massive attacks on centralized services, led by Bybit’s $1.4 billion breach.

North Korean flags waving in the wind.