Drift crypto platform confirms $280 million stolen in hack as researchers point finger at North Korea
Incidents: A sophisticated attack on the Drift crypto platform resulted in the theft of $280 million, with blockchain security firm Elliptic attributing the breach to North Korean hackers.
Deep Analysis and Expert Commentary
A sophisticated attack on the Drift crypto platform resulted in the theft of $280 million, with blockchain security firm Elliptic attributing the breach to North Korean hackers. The attackers exploited a combination of pre-signed transactions and compromised administrative approvals, bypassing withdrawal limits in a multi-stage operation initiated in March. Drift confirmed the incident did not ste
Original Article Brief Intro
The Record by Recorded Future · 2026-04-02 · Incidents: A sophisticated attack on the Drift crypto platform resulted in the theft of $280 million, with blockchain security firm Elliptic attributing the breach to North Korean hackers.
Related Terms and Notes
Malware Families
- DPRK — Democratic People's Republic of Korea (North Korea), frequently linked to state-sponsored cyberattacks targeting cryptocurrency.
Context Notes
- DPRK
- Drift Protocol
- Elliptic
- Pre-signed Transactions — Transactions authorized in advance but executed later, often used in blockchain for delayed actions.
- Smart Contracts