Solana Foundation Launches Two Security Programs After Drift Hack
Five days after a reported $285 million Drift hack, Solana Foundation introduced two new security initiatives following a sharp decline in Solana DeFi activity.
SOL
Summary
No Summary provided as the original text is short
Terms & Concepts
DeFi: Decentralized finance, a blockchain-based financial system that operates without traditional intermediaries such as banks.
Hack: An unauthorized exploit or security breach that can drain funds or disrupt blockchain-based protocols and services.
Solana: A blockchain network designed for high-speed transactions and decentralized applications.