Drift Protocol says deposits and withdrawals suspended amid active attack
A threat researcher estimates the exploit could reach $200 million and may be linked to a compromised private key.
Drift Protocol, a decentralized cryptocurrency exchange (DEX), detected unusual trading activity on the platform on Wednesday, warning users not to deposit funds until the issue has been resolved.
The Drift team did not disclose the specific cause of the ongoing incident or the damage in its initial announcement and is currently investigating the issue.
In a subsequent update, the Drift team announced that deposits and withdrawals on the platform have been suspended.
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