DRIFT fluctuated by 60.7% in 24 hours: Market turmoil triggered by post-hack incident report and accusations of North Korean hackers
Bitget Pulse2026/04/06 22:03Volatility 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.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.
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