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Drift Protocol Reports Initial Findings on Exploit Involving Security Council Admin

According to Drift Protocol, a coordinated attacker used pre-signed transactions and durable nonce accounts to take control of the protocol’s Security Council admin after what the project says appeared to be weeks of preparation.

Summary

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Terms & Concepts
  • Durable nonce accounts: A Solana feature that lets transactions use a stored blockhash later, helping with delayed execution.
  • Pre-signed transactions: Transactions signed in advance, which can be broadcast later under specified conditions.
  • Security Council admin: An administrative control role that can manage sensitive protocol actions and emergency decisions.