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De-fi platform Drift suspends deposits and withdrawals after millions in crypto stolen in hack

Decentralized finance company Drift says it has suspended withdrawals and deposits after confirming a security incident.

Emerging The topic has initial corroboration, but the newsroom is still waiting on stronger confirmation.
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Decentralized finance company Drift says it has suspended withdrawals and deposits after confirming a security incident. The crypto platform said in a post on X that it was “experiencing an active attack,” and that it was working to “contain the incident.”.

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What happened

Decentralized finance company Drift says it has suspended withdrawals and deposits after confirming a security incident.

Why it matters

The crypto platform said in a post on X that it was “experiencing an active attack,” and that it was working to “contain the incident.”.

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What to watch next

Security researchers and public blockchain data suggest the losses could be significant. Blockchain security firm CertiK said on X that hackers may have stolen around $136 million, while crypto analytics firm Arkham put the figure at around $285 million stolen .

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