Protocols Report Exposure After $285 Million Drift Exploit

Several teams say they were affected by the Drift exploit and have begun disclosing exposure, response measures, and official updates.

Summary

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Terms & Concepts
  • Exploit: A security breach that uses a software weakness or design flaw to extract funds or disrupt a crypto protocol.
  • Protocol: A blockchain-based application or rules system that governs how users interact with a crypto network or service.
  • Exposure: The amount of financial or operational risk a platform faces from a hack, exploit, or market event.