Drift's $285 Million Hack: What Went Wrong and Why It’s So Chilling

Description

Drift Protocol lost $285 million on April Fools' Day — and Circle didn’t do anything to stop the hackers from getting away with the funds. Chaos Labs founder and CEO Omer Goldberg joins Laura to break down how attackers used a fake token, manipulated oracles, and hijacked Drift's own admin keys to drain one of Solana's biggest DeFi platforms. Plus: why ZachXBT is furious at Circle, how it’s clear this was premeditated and whether "DeFi" is even the right word for protocols with this much centralized control. #DriftProtocol #DeFi #Solana #USDC #Circle #CryptoHack #Web3Security