Drift Protocol-Linked Wallet Moves 56.25 Million DRIFT to Bybit and Gate
OnchainLens states that a wallet linked to the Drift Protocol team transferred tokens worth about $2.44 million to the crypto exchanges Bybit and Gate after the hack.
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Terms & Concepts
On-chain wallet: A blockchain address used to hold and transfer digital assets, with transactions visible on a public ledger.
Crypto exchange: A trading platform where users can deposit, buy, sell, or withdraw digital assets such as DRIFT.
DRIFT: The native token associated with Drift Protocol, a crypto project whose tokens can be transferred between wallets and exchanges.