- Updated: April 2, 2026
- 1 min read
Drift DeFi Platform Halts Operations After Massive Hack – $136M‑$285M Stolen
The decentralized finance platform Drift has suspended all deposits and withdrawals after a severe security breach that resulted in the theft of an estimated $136 million to $285 million in crypto assets. The hack, which unfolded earlier this week, has sent shockwaves through the DeFi community and raised fresh concerns about the security of non‑custodial protocols.
According to the company’s statement, the attackers exploited a vulnerability that allowed them to move funds out of user wallets without triggering the usual safeguards. Drift’s team is currently conducting a forensic investigation and working with law enforcement agencies to trace the stolen assets.
In the meantime, the platform has frozen all user activity to prevent further losses. Users are advised to monitor their accounts closely and await further updates from Drift’s official channels.
For a full breakdown of the incident, see the original report on TechCrunch.
Related reads on ubos.tech:
Stay tuned for ongoing coverage as more details emerge.
Andrii Bidochko
CTO UBOS
Andrii Bidochko is an AI entrepreneur and researcher focused on AI agents, reinforcement learning, and autonomous systems. He writes about the technologies shaping the future of machine intelligence, from frontier models and agent architectures to real-world AI applications.