Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
DRIFT fluctuated by 60.7% in 24 hours: Market turmoil triggered by post-hack incident report and accusations of North Korean hackers

DRIFT fluctuated by 60.7% in 24 hours: Market turmoil triggered by post-hack incident report and accusations of North Korean hackers

Bitget PulseBitget Pulse2026/04/06 22:03
Show original
By:Bitget Pulse

Volatility Brief

In the past 24 hours, DRIFT rebounded from a low of $0.0387 to a high of $0.0622 and is currently trading at $0.0537, registering an intraday volatility of 60.7%. The 24-hour trading volume is approximately $12.36 million, an increase compared to the previous day.

Brief Analysis of the Cause of the Unusual Movement

- Drift Protocol released a detailed postmortem report in the past 24 hours, confirming that the $285 million hack on April 1 was the result of a targeted operation by North Korean intelligence over six months. The attacker quickly drained funds using fake tokens and a persistent nonce feature.

- Multiple media outlets followed up with reports that North Korean hackers stole $285 million within 12 minutes, revealing that some of the stolen funds were subsequently transferred to exchanges, amplifying market panic.

- Crypto lawyers and experts criticized Drift's lack of security measures as the root cause of the incident, rather than a code bug.

Market Opinion and Outlook

Market sentiment is mainly driven by panic, with DRIFT tokens dipping multiple times towards the $0.03 range in the past 24 hours. Community discussions are focused on ongoing risks from the hacker and the trust crisis within the Solana ecosystem. Mainstream analysts warn of further short-term pressure, recommending risk aversion until an official compensation plan becomes clear.

Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational reference only.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Paramount (PSKY.US) $110 Billion Acquisition Financing Delayed: Bond Issuance Postponed for Three Months, May Have to Pay $500 Million More in Annual Interest

Paramount has been continuously pitching financing bonds to investors for the acquisition of Warner Bros. Discovery (WBD.US) for several months. However, as the negotiation period has been forced to extend, the financing costs have also risen.

智通财经•2026/09/30 15:36

Trump Plans to Announce South Korea's $200 Billion Energy Investment in the U.S., Covering Eight Nuclear Power Plants and the Alaska LNG Project

U.S. President Trump is expected to announce a plan on Wednesday for approximately $200 billion in South Korean-supported U.S. energy projects, involving eight large nuclear power plants, major power generation facilities in Texas, and an Alaskan liquefied natural gas (LNG) export project.

智通财经•2026/09/30 15:21